Mei-ling had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Mei-ling prepared the following adjusted trial balance. 51 MATCHA CREATIONS Adjusted Trial Balance December 31, 2021 Account Titles Debit Credit Cash NT$1,016 Accounts Receivable 754 Supplies 304 Prepaid Insurance 1,040 Equipment 1,032 Accumulated Depreciation Equipment NT$38 Accounts Payable 66 Salaries and Wages Payable Unearned Service Revenue 258 Interest Payable Notes Payable 1,720 Share Capital-Ordinary Dividends 430 Service Revenue 3,882 Salaries and Wages Expense 865 Utilities Expense Advertising Expense 144 Supplies Expense 880 Depreciation Expense Insurance Expense Interest Expense NT$6,721 NT$6,721 18 688 106 18 74: Homework Income Statement For the Two Months Ended December 31, 20214 Revenues Service Revenue NT$ 3882 Expenses Salaries and Wages Expense 865 106 i i Utilities Expense Advertising Expense 144 i Supplies Expense Depreciation Expense 880 i 38 i 94 i Insurance Expense Interest Expense 18 i Total Expenses 2145 i 1737 Net Income /(Loss) A NT$ Your answer is correct. Prepare an retained earnings statement for the 2 months ended December 31, 2021. (List items that increase retained earnings first.) MATCHA CREATIONS Retained Earnings Statement For the Two Months Ended December 31, 2021 NT$ Retained Earnings, November 1 A Add 9 : Net Income / (Loss) 9 1737 1737 Less : Dividends 430 i Retained Earnings, December 31 ) NT$ 1307 Prepare a classified statement of financial position at December 31, 2021. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2023. (List Current Assets in the reverse order of liquidity) MATCHA CREATIONS Statement of Financial Position December 31, 2021 Assets Property, Plant and Equipment NT$ 1032 Equipment Less Accumulated Depreciation Equipment Current Assets NT$ 994 Total Current Assets 3114 Total Assets 3138 NTS S A Equity and Liabilities Equity Share Capital-Ordinary NT$ 688 1307 Retained Earnings Total Equity NT$ 1995 Non-current Liabilities Total Equity and Liabilities 4108