please do the income statement balance sheet and retained earnings

WELLS TECHNICAL INSTITUTE Unadjusted Erial Balance December 31 Credit Debit $ 26,793 10,384 15,458 2,062 38,913 98,00 $9,275 Cash Accounts receivable Teaching supplies Prepaid Insurance Prepaid rent Professional Library Accumulated depreciation Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue Connon stock Retained earnings Dividends Tuition revenue Training revenue Depreciation expense-Professional Library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 16.489 21.00 . 12.50 22,351 84.000 41,220 105,100 39,153 49.484 22,602 7,214 5.271 $ 309,881 $329,881 Additional Information Items a. An analysis of WTI's insurance policies shows that $3,996 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,464 are available at year-end. c. Annual depreciation on the equipment is $15.986. d. Annual depreciation on the professional library is $7,993. e. On September 1 WTI agreed to do five training courses for a client for $2,500 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12.500 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. t. On October 15, WTI agreed to teach a four-month class (beginning immediately for an executive with payment due at the end of the class. At December 31, $13,403 of the tuition revenue has been earned by WTL 9. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. WELLS TECHNICAL INSTITUTE Unadjusted trial Balance December 31 Debit $ 26,793 Credit 10,304 15,458 2.062 30,913 $ 9,275 98,00 16,489 21,00 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional Library Accumulated depreciation Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Tuition revenue Training revenue Depreciation expense-Professional Library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totats 12.500 22,351 84.000 41,220 105, 10 39,158 49,464 22,682 7,214 5,271 $ 399,881 $ 309,881 Req 3A Reg 3B Reg 3C Prepare Wells Technical Institute's balance sheet as of December 31. (Include all balance sheet accounts, even those with zero balances.) WELLS TECHNICAL INSTITUTE Balance Sheet December 31 Req 3A Req 3B Req 3C Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balan $83,000 on December 31 of the prior year. WELLS TECHNICAL INSTITUTE Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end F Retained earnings. December 31 current year end For Year Ended December 31 Income Statement Required information 1