Mackenzie Inc. uses a perpetual inventory system and has prepared the following adjusted trial balance on December $31,2019$:

Mackenzie Inc.

ADJUSTED TRIAL BALANCE

December $31,2019$

ACCOUNT TITLE DEBIT CREDIT

$1$

Cash

$2,800\mathrm{.}00$

$2$

Accounts Receivable

$3,500\mathrm{.}00$

$3$

Allowance for Doubtful Accounts

$250\mathrm{.}00$

$4$

Inventory

$6,600\mathrm{.}00$

$5$

Prepaid Insurance

$800\mathrm{.}00$

$6$

Land

$5,400\mathrm{.}00$

$7$

Buildings and Equipment

$32,000\mathrm{.}00$

$8$

Accumulated Depreciation

$14,200\mathrm{.}00$

$9$

Accounts Payable

$3,200\mathrm{.}00$

$10$

Salaries Payable

$430\mathrm{.}00$

$11$

Unearned Rent

$360\mathrm{.}00$

$12$

Income Taxes Payable

$2,650\mathrm{.}00$

$13$

Note Payable

$4,300\mathrm{.}00$

$14$

Interest Payable

$700\mathrm{.}00$

$15$

Common Stock

$8,100\mathrm{.}00$

$16$

Retained Earnings

$7,240\mathrm{.}00$

$17$

Dividends

$1,300\mathrm{.}00$

$18$

Income Summary

$19$

Sales Revenue

$36,090\mathrm{.}00$

$20$

Rent Revenue

$1,440\mathrm{.}00$

$21$

Cost of Goods Sold

$14,910\mathrm{.}00$

$22$

Selling Expenses

$4,800\mathrm{.}00$

$23$

Administrative Expenses

$3,500\mathrm{.}00$

$24$

Interest Expense

$700\mathrm{.}00$

$25$

Income Tax Expense

$2,650\mathrm{.}00$

$26$

Totals

$78,960\mathrm{.}00$

$78,960\mathrm{.}00$

For classification purposes:

Note payable is due July $1,2023$

Interest payable is due July $1,2023$

Common Stock $(1,500$ shares$)$

Required:

Prepare in proper form for $2019$ the company$$s: $(1)$ income statement, $(2)$ retained earnings statement, $(3)$ ending balance sheet, and $(4)$ closing entries in its general journal.