> Problems Group A g Objectives 1.3,4 P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entrics, and preparing a post-closing trial balance 1 Net Loss $(9,500) The adjustedl trial balance of Erickson Real Estate Appraisal at June 30, 2018, follows: ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018 Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense interest Expense Utilities Expense Depreciation Expense-Building Total Credit s 4,600 5,300 1.500 1,700 13,000 82,000 s 25,200 18,700 8,500 2,400 7,600 40,000 3,000 2.300 39, 500 48, 100 4,400 33,500 300 8,500 2,700 8,200 193,000 193,000 Requirements 1. Prepare the company's income statement for the year ended June 30, 2018 2. Prepare the company's statement of retained carnings for the year ended June 30, 2018. 3. Prepate the company's classificd balanee sheet in report form at June 30, 2018, 4. Journalize the closing entries 5. Open the Tacounts using the balances from the udjusted trial balance, and the closing entries to the Taccounts 6. Prepare the company's post-elosing trial balance at June 30, 2018