Problem #4 (10 Marks): JDS Corporation Partial Adjusted Trial Balance December 31, 2019 Debit Credit Unearned revenue 129,000 Gain on sale of equipment 10,000 Depreciation Expense 160,000 Sales - I 1,600,000 Salaries Expense 250,000 Cost of Goods Sold 950,000 Retained Earnings 16,000 Prepaid rent 25,000 Interest expense 25,000 Cash dividends 12,000 Income Tax Expense 30,000 Sales discounts 90,000 Instructions - Use the above information to prepare for the year ended December 31, 2019: a) a multi-step income statement b) closing entries