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 Credit Cash $4,000 ALLILINIS Receivable 6,500 Equipment 78,000 Accumulated Depreciation $14,000 Nu Piyable 10,000 Common Stock 13,000 Retained Earnings 12,600 Servirr Fers Revenue 71.000 Rent Expense 18,000 Salaries Expense 37,100 Drpreriation Expenses 7.000 Totals $150,600 $150,600 (a) Prevare 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. Income Statement Statement of SE Equity Balance Sheet Journal Entries T-Accounts Solomon Corporation Income Statement For Year Ended December 31, 2018 Expenses: Salaries Expense Depreciation Expense Total Expenses Income Statement Statement of SE Equity Balance Sheet Journal Entries T-Accounts Solomon Corporation Statement of Stockholders' Equity For Year Ended December 31, 2018 Total Common Retained Stockholders' Stock Earnings Equity Balance at December 31, 2017 0 $ 0 $ Dividends (Enter as a negative number) 0 0 0 0 0 Balance at December 31, 2018 $ 0 $ 0 $ 0 Please answer all parts of the question. Solomon Corporation Balance Sheet December 31, 2018 Liabilities 0 0 Total liabilities Assets Equity Equipment Less: Accumulated depreciation Equipment, net Total assets $ 0 Total liabilities and equity $ 0 Please answer all parts of the question. Ref. GENERAL JOURNAL Description Debit Credit 0 $ To close the revenue account. Salaries Expense Depreciation Expense To close the expense accounts. Please answer all parts of the