QS 3-19 (Algo) Preparing financial statements LO P5 The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Number Account Title 101 Cash 106 153 Trucks 154 183 Land 201 209 233 307 Common stock 318 319 Accounts receivable Accumulated depreciation-Trucks Accounts payable Salaries payable Unearned revenue Retained earnings Dividends 401 Plumbing revenue 611 Depreciation expense-Trucks 622 640 Salaries expense Rent expense Totals Debit Credit $ 9,300 40,641 44,500 $ 17,889 30,000 21,669 4,957 4,357 19,000 53,564 18,012 71,000 5,963 33,228 10,792 $ 192,436 $ 192,436 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $53,564 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.