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[The following information applies to the questions displayed below.] A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2018. The last two columns contain the adjusted trial balance as of the same date.

	Unadjusted Trial Balance					Adjusted Trial Balance
Cash	$	90,510				$	90,510
Accounts receivable		11,000					17,000
Office supplies		17,800					5,500
Prepaid insurance		9,040					3,160
Office equipment		86,000					86,000
Accum. DepreciationOffice equip.			$	23,000				$	26,000
Accounts payable				9,100					16,000
Interest payable				0					3,000
Salaries payable				0					13,000
Unearned consulting fees				22,000					15,000
Long-term notes payable				52,000					52,000
Common stock				30,000					30,000
Retained earnings				20,000					20,000
Dividends		8,500					8,500
Consulting fees earned				162,000					175,000
Depreciation expenseOffice equip.		0					3,000
Salaries expense		67,190					80,190
Interest expense		1,300					4,300
Insurance expense		0					5,880
Rent expense		14,640					14,640
Office supplies expense		0					12,300
Advertising expense		12,120					19,020
Totals	$	318,100	$	318,100		$	350,000	$	350,000

2(a-1) Prepare JKL Company's income statement for the year ended July 31, 2018. 2(a-2) Prepare JKL Company's statement of retained earnings for the year ended July 31, 2018. Note: Retained earnings at July 31, 2017, was $20,000, and the current-year dividends were $8,500. 2(b) Prepare JKL Company's balance sheet as of July 31, 2018.

Prepare JKL Company's income statement for the year ended July 31, 2018.

JKL COMPANY
Income Statement
For Year Ended July 31, 2018

Prepare JKL Company's statement of retained earnings for the year ended July 31, 2018. Note: Retained earnings at July 31, 2017, was $20,000, and the current-year dividends were $8,500.

JKL COMPANY
Statement of Retained Earnings
For Year Ended July 31, 2018
Retained earnings, July 31, 2017
Retained earnings, July 31, 2018