Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2013, is: Solomon Corporation Adjusted Trial Balance December 31, 2013 Debit Credit Cash $4,400 Accounts Receivable 7,150 85,800 $15,400 11,000 Equipment Accumulated Depreciation Notes Payable Common Stock Retained Earnings Service Fees Earned 47,300 13,860 78,100 Rent 19,800 Expense Salaries 40,810 Expense Depreciation Expense 7,700 Totals $165,660 $165,660 (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 $8,800 and there were no stock issuances or repurchases. Do not use negative signs with answers, unless otherwise noted. Solomon Corporation Income Statement For Year Ended December 31, 2013 December 31, 2013 Expe $ Salaries Expense Depreciation Expense Total Expenses $ Solomon Corporation Statement of Stockholders' Equity For Year Ended December 31, 2013 Balance at December 31, 2012 December 31, 2013 Dividends (Enter as a negative number) ings Total Stockholders' Equity $ Balance at December 31, 2013 $ $ $ Solomon Corporation Balance Sheet Assets For Year Ended December 31, 2013 December 31, 2013 A $ Total liabilities Equipment Less: Equity Accumulated depreciation Equipment, net Total assets $ Total liabilities and equity $