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	$4,840
Accounts Receivable	7,865
Equipment	94,380
Accumulated Depreciation		$16,940
Notes Payable		12,100
Common Stock		52,030
Retained Earnings		15,246
Service Fees Earned		85,910
Rent Expense	21,780
Salaries Expense	44,891
Depreciation Expense	8,470
Totals	$182,226	$182,226

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 $9,680 and there were no stock issuances or repurchases.

Do not use negative signs with answers unless otherwise noted.