The adjusted trial balance for Happ Company follows. Number Credit 101 Debit $ 8,700 38,019 41,000 $ 16,482 30,000 Adjusted Trial Balance December 31 Account Title Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Plumbing revenue Depreciation expense-Trucks Salaries expense Rent expense Totals 106 153 154 183 201 209 233 307 318 319 401 611 622 640 20, 271 4,637 4,037 16,000 52,404 23,298 86,000 5, 494 40,248 13,072 $ 199,831 $ 199,831 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $52,404 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Required c Use the adjusted trial balance to prepare the December 31 year-end income statement. HAPP COMPANY Income Statement For Year Ended December 31 $ 86,000 5.494 Revenues Plumbing revenue Expenses Depreciation expense Trucks Salaries expense Rent expense Dividends Total expenses Net income 40,248 13,072 23,298 82. 112 3,888 $ Required A Required B Required c Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $52,404 on December 31 of the prior year. HAPP COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year $ Add: Net income 52,404 27,186 79,590 23,298 56,292 Less: Dividends Retained earnings, December 31 current year $ Required A Required B Required c Use the adjusted trial balance to prepare the December 31 year-end balance sheet. (Amounts to be deducted should be indicated with a minus sign.) HAPP COMPANY Balance Sheet December 31 Assets $ Cash Accounts receivable Land Trucks Accumulated depreciationTrucks 8,700 38,019 30,000 41,000 (16,482) $ 101,237 Liabilities $ Accounts payable Salaries payable Unearned revenue 20,271 4,637 4,037 $ 28,945 Equity Common stock Retained earnings 16,000 56,292 72,292 101,237