Required information M4-14 through M4-17 (Algo) Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journal Entries [LO 4-4, LO 4-5] [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Debit $ 1,410 Credit 3,800 4,100 4,800 21,000 $ 6,200 7,220 1,900. Salaries and Wages Payable Income Taxes Payable Deferred Revenue 4,700 960 Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue 4,200 1,720 480 58,230 480 Salaries and Wages Expense 25,200 Depreciation Expense 3,100 Utilities Expense 6,020 Insurance Expense 3,200 Rent Expense Income Tax Expense Total 7,800 4,700 $ 85,610 $ 85,610