Please answer this question.

Ques5 incerplete answer Marked out of 16.00 P Flax question Credit Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: Solomon Corporation Adjusted Trial Balance December 31, 2018 Debit Cash $4,000 Accounts Receivable Accoun 6,500 Equipment 78,000 Accumulated Depreciation $14,000 Notes Payable 10,000 Common Stock 43,con Retained Earnings 12.600 Service Fees Revenue 71.000 Rent Expense 18,000 Salaries Expense 37,100 Depreciation Expense 7,000 Totals $150,600 $150,600 (a) Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,000 and there were no stock issuances or repurchases. (b) Prepare entries to close its temporary accounts in journal entry form. (c) Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, what is the post-closing balance of the Retained Earnings account? Note: Do not use negative signs unless otherwise noted. Note: Do not use negative signs unless otherwise noted. Income Statement Statement of SE Equity Balance Sheet Journal Entries T-Accounts 71000 Solomon Corporation Income Statement For Year Ended December 31, 2018 Service Fees Revenue $ Expenses: Rent Expense + S - 18000 Salaries Expense 37100 Depreciation Expense -7000 Total Expenses Net Income 62100 8900 Please answer all parts of the question Note: Do not use negative signs unless otherwise noted. Income Statement Statement of SE Equity Balance Sheet Journal Entries T-Accounts 0 C Solomon Corporation Balance Sheet December 31, 2018 Assets Liabilities + O 0 Total liabilities Equipment 0 Less: Accumulated depreciation Equipment, net Total assets $ 0 Total liabilities and equity $ Please answer all parts of the question Equity 0 Note: Do not use negative signs unless otherwise noted. Income Statement Statement of SE Equity Balance Sheet Journal Entries T-Accounts I Ref. GENERAL JOURNAL Description Debit Credit 1 n . O 0 To close the revenue account. . 2 0 0 0 0 0 Salaries Expense Depreciation Expense To close the expense accounts. Please answer all parts of the question,