Question 1 Requirement: Using the above Trial Balance, provide the post-closing Retained Earnings balance for Sampson Hair Accessories as of December 31, 2019

Question 2 Requirement:- Using the above Trial Balance, prepare a classified balance sheet with proper heading for Sampson Hair Accessories Corp. as of December 31, 2019. Consider inserting a table () to assist in proper formatting of the statement:

The adjusted trial balance for Sampson Hair Accessories Corp. at December 31, 2019, is presented below: Debit Credit Cash $26,000 Accounts Receivable 76,000 Prepaid Rent 25,000 Supplies 19,000 Equipment 250,000 Accumulated Depreciation $57,000 Accounts Payable 34,000 Salaries Payable 15,000 Interest Payable 1,000 Notes Payable (due 6/30/2021) 54,000 Common Stock 100,000 Retained Earnings 45,000 Dividends 30,000 Sales Revenue 407,000 Salaries Expense 185,000 Rent Expense 48,000 Depreciation Expense 20,000 Utilities Expense 34,000 Totals $713,000 $713.000