Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 42,000 $24,000 Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock 2,800 4,450 3,875 8,000 Retained Earnings 2,255 Dividends 10,500 99,800 49,400 Service Revenue Salaries Expense Rent Expense Insurance Expense 17,250 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,600 Totals $145,180 $145,180 Income Taxes Expense 5,600 Totals $145,180 $145,180 Required: Prepare a single-step 9 S Sparrow for 2019. 2 For grouped values (e. amount, enter using a minus sign expenses), enter individual amounts as positive values. If the total for the group is subtracted or an overall negative & E 18 cember 31, 2019 Service revenue Expenses: Salaries expense 49,400 Rent expense 17.250 Depreciation expense 4,950 Insurance expense 2.200 Income taxes expense 5,600 79.400 x Net income 20,400 Feedback