The adjusted trial balance fo Sam's Sundried Company as of December 31,2019, follows

cash Debit Credit

$45,000

Accounts recievable Debit Credit

$10,000

Interest Recievable Debit Credit

$100

Notes Recievable Debit Credit

$6,000

Prepaid Insurance Debit Credit

$940

Prepaid Rent Debit Credit

$2,400

Supplies in hand Debit Credit

$400

Equipment Debit Credit

$40,000

Accumulated Depreciation Debit Credit

$24,000

Land Debit Credit

$10,000

Accounts Payable Debit. Credit

$27,000

Notes Payable Debit Credit

$4,000

Interest Payable Debit Credit

$700

Salaries Payable Debit Credit

$3,400

Capital Stock Debit Credit

$10,000

Retained Earnings,01/01/19 Debit Credit

$16,000

Dividends. Debit Credit

$6,000

Service Revenue Debit Credit

$151,480

Insurance Expense Debit Credit

$1,920

Rent Expense Debit Credit

$13,200

Advertising Expense Debit Credit

$600

Depreciation Expense Debit Credit

$6,000

Supplies Expense Debit Credit

$1,600

Salaries Expense Debit Credit

$92,000

Interest Expense Debit Credit

$620

Interest Revenue Debit Credit

$200

Totals. $236,780 $236,780

Required:

1. prepare the income statement for the year ended December 31, 2019

2. prepare the statement of retained earnings for the year ended December 31, 2019

3. prepare the balance sheet as of December 31, 2019

4. prepare the closing entries for December 31, 2019

5. prepare the post closing trial balance as of December 31, 2019