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
Equipment	85,800
Accumulated Depreciation		$15,400
Notes Payable		11,000
Common Stock		47,300
Retained Earnings		13,860
Service Fees Earned		78,100
Rent Expense	19,800
Salaries Expense	40,810
Depreciation Expense	7,700
Totals	$165,660	$165,660

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.