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please helpThanks. Marmon Farms Inc.. Adjusted Trial Balance December 31, 2019 Debit Credit Mortgage Payable 49,180 Accounts Receivable 32,500 Sales Revenue 490,250 Unearned Service Revenue

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Marmon Farms Inc.. Adjusted Trial Balance December 31, 2019 Debit Credit Mortgage Payable 49,180 Accounts Receivable 32,500 Sales Revenue 490,250 Unearned Service Revenue 9,200 Office Supplies 4,000 Prepaid Wage Expense 8,000 Insurance Expense 16,000 Inventory 74,580 Dividends 24,000 Buildings 100,000 Land 20,000 Retained Earnings 66,500 Salaries Expense 105,000 Administrative Expense 18,000 Machinery and Equipment 30,000 Capital Stock 150,000 Cost of Goods Sold 277,400 Cash 60,000 Note Payable 28,200 Income Tax Expense 23,850 $793,330 $793,330 1. Prepare the necessary Closing Journal Entries based on the trial balance above. Please use separate sheets of paper provided when preparing these statements. 2. Prepare the Year-End 2019 Financial Statements for Marmon Farms Inc. in Proper Form: An Income Statement, Statement of Retained Earnings and Balance Sheet are required

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