Print Item From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: Adjusted Trial Balance Debit Credit Cash $32,000 Accounts Receivable 18,300 Prepaid Insurance 6,400 Land 10,000 $10,900 7,000 31,000 5,200 Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Miscellaneous Expense 8,000 73,000 5,600 24,000 22,800 $127,100 $127,100 Company Y Income Statement For the Year Ended December 31, 20XX Revenues: Service Revenue 73,000 Expenses: Insurance Expense 5,600 Salaries Expense 24,000 Miscellaneous Expense 22,800 Total Expenses 0 Net Income Feedback Company Y Retained Earnings Statement For the Year Ended December 31, 20XX Retained Earnings, Balance January 1 Net Income Dog Dividends Retained Earnings, Balance December 31 C. Prepare a balance sheet for Company Y. Company Y Balance Sheet December 31, 20XX Assets Cash 32,000 Accounts Receivable 18,300 Prepaid Insurance Land 10,000 Total Assets Liabilities Accounts Payable Salaries Payable Total Liabilities Equity Common Stock Retained Earnings Total Equity Total Liabilities and Equity Feedback Check My Work Printem Use the following account information and consider the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is nether depreciation expense nor accumulated depreciation Accounts Payable $11,500 Accounts Receivable 14,260 Cash 22,222 Common Stock 31,000 Dividends 6,000 Equipment 12,000 Prepaid Insurance 25,444 Land 22,000 Notes Payable 29,000 Retained Earnings 16,815 Insurance Expense 12,689 Service Revenue 82,050 Supplies 2,750 salaries Expense 53,000 Adjustments needed Salaries due to employees, but unpeld at the end of the period, $2,000 Insurance still nexpired at end of the period, $12,000 Prepare an adjusted trial balance of an amount box does not require an entry, leave it blank Adjusted Trial Balance Debit Credit >