Section One:

The adjusted 12/31/21 Trial Balance for Luna Corporation included these accounts and balances. No other accounts existed.

Retained Earnings (1/1/21)	$100		Salaries Expense	$15
Accounts Payable	$35		Common Stock	$50
Cash	$38		Accounts Receivable	$8
Unearned Service Revenue	$15		Salaries Payable	$14
Dividends	$20		Prepaid Insurance	$4
Depreciation Expense: Equipment	$18		Cleaning Supplies	$19
Service Revenue	$140		Accumulated Depreciation: Equipment	$105
Cleaning Supplies Expense	$57		Equipment	$280

Required:

• 1. Determine the total of the Adjusted Trial Balance columns: $___________
  2. In proper format, prepare the Luna Company:
• 2021 Income Statement
• 2021 Statement of Retained Earnings
• 12/31/21 Balance Sheet

Formatting Rules: Do not use cents (.00) in any records. The first amount in any column should include a dollar sign. All financial statement totals include a dollar sign and are double-underlined. Refer to text examples for formatting guidance.