Question 1: Roth Company ended its fiscal year on July 31, 2014. The company's adjusted trial balance as of the end of its fiscal year is shown below. Credit No. 101 112 157 158 201 208 311 320 332 400 429 711 726 732 Roth Company Adjusted Trial Balance July 31, 2014 Account Titles Debit Cash $ 9,840 Accounts Receivable 8,140 Equipment 15,900 Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Share Capital-Ordinary Retained Earnings Dividends 12,000 Service Revenue Rent Revenue Depreciation Expense 3,700 Salaries and Wages Expense 55,700 Utilities Expense 14,900 $120,180 $ 5,400 2,220 3,800 18,000 20,260 64,000 6,500 $120,180 Instructions (1) Prepare an income statement and a retained earnings statement for the year. (2) Prepare the closing entries at 31 July 2014. (3) Post to Retained Earnings and Income Summary accounts. (4) Prepare a post-closing trial balance at July 31 2014. (5) Prepare the statement of financial position at 1" August 2014