need help with my closing statement
Prepare a statement of stockholders' equity. During the year, no additional Common stock was issued. If an amount box does not re loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Accumulated depreciation-equipment * Book value-equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable * Unearned rent Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 191,900 135,100 47,890 587,030 634,920 The Gorman Group Income Statement For the Year Ended October 31, 20Y9 Revenues: Service fees Rent revenue Total revenues Expenses: Salaries expense Depreciation expense-equipment Rent expense Supplies expense Utilities expense Depreciation expense-buildings Repairs expense - Insurance expense Miscellaneous expense Total expenses 603,260 427,97023,20019,50013,77012,4408,3006,8603,7606,410 3. If the balance of Retained earnings nad instead increaseu the amount of Net income or Net loss? Enter all amounts as positive numbers. Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Total current assets Property, plant, and equipment: Land Buildings Accumulated depreciation-bulldings Book value-buildings Equipment Accumulated depreciation-equipment - Book value-equipment Total property, plant, and equipment Total assets 69,120 Trial Balance Trial Balance Account Title Cash Accounts Receivable Supplies Prepaid Insurance Land Bulldings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Rent Common Stock Retained Earnings Dividends Service Fees Rent Revenue Salaries Expense Dr. Cr. 16,260 35,390 5,530 11,940 126,000 452,000 147,300 327,000 191,900 41,860 4,150 1,880 188,000 349,380 31,400 596,9606,300 427,970