PA 16. LO 5.4From the following Company R adjusted trial balance, prepare the following:

Income Statement

Retained Earnings Statement

Balance Sheet (simpleunclassified)

Closing journal entries

Post-Closing Trial Balance

Adjusted Trial Balance for Company R
	Debit	Credit
Cash	$24,000
Accounts Receivable	$14,900
Prepaid Insurance	$5,300
Land	$13,500
Accounts Payable		$12,400
Salaries Payable		$1,500
Common Stock		$34,000
Retained Earnings		$10,200
Dividends	$5,000
Service Revenue		$56,300
Insurance Expense	$7,900
Salaries Expense	$39,000
Miscellaneous Expense	$4,800
	$114,400	$114,400