The adjusted trial balance for Novak Corp. is given below. Novak Corp. Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,000 Accounts Receivable 8,900 Supplies 2,400 Prepaid Insurance 3,800 Equipment 12,500 Accumulated Depreciation Equipment $3,500 Accounts Payable 5.800 Salaries and Wages Payable 0 Unearned Rent Revenue 1,300 Common Stock 10,500 Retained Earnings 3,600 Service Revenue 34,200 Rent Revenue 10,800 Salaries and Wages Expense 16,900 Supplies Expense 0 Rent Expense 15,200 Insurance Expense 0 Depreciation Expense 0 $69.700 $69,700 After Adjustment Dr. Cr. $10,000 9,800 700 2,700 12,500 $4,500 5,800 1,100 800 10,500 3,600 35,100 11,300 18,000 1,700 15,200 1,100 1,000 $72,700 $72,700 - y.com/was/ui/v2/assessment-player/index.html?launchid=3228b1f0-c963-4ced-b Question 11 of 11 - / 60 111 Prepare the income statement for the year. Novak Corp. Income Statement Prepare the retained earnings statement for the year Novak Corp Retained Earnings Statement SEP 10 SAMA Prepare the balance sheet at August 31. (List Assets in order of liquidity) Novak Corp. Balance Sheet Assets $ [ [ [ [ Liabilities and Stockholders' Equity $[ The adjusted trial balance for Novak Corp. is given below. Novak Corp. Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,000 Accounts Receivable 8,900 Supplies 2,400 Prepaid Insurance 3,800 Equipment 12,500 Accumulated Depreciation Equipment $3,500 Accounts Payable 5.800 Salaries and Wages Payable 0 Unearned Rent Revenue 1,300 Common Stock 10,500 Retained Earnings 3,600 Service Revenue 34,200 Rent Revenue 10,800 Salaries and Wages Expense 16,900 Supplies Expense 0 Rent Expense 15,200 Insurance Expense 0 Depreciation Expense 0 $69.700 $69,700 After Adjustment Dr. Cr. $10,000 9,800 700 2,700 12,500 $4,500 5,800 1,100 800 10,500 3,600 35,100 11,300 18,000 1,700 15,200 1,100 1,000 $72,700 $72,700 - y.com/was/ui/v2/assessment-player/index.html?launchid=3228b1f0-c963-4ced-b Question 11 of 11 - / 60 111 Prepare the income statement for the year. Novak Corp. Income Statement Prepare the retained earnings statement for the year Novak Corp Retained Earnings Statement SEP 10 SAMA Prepare the balance sheet at August 31. (List Assets in order of liquidity) Novak Corp. Balance Sheet Assets $ [ [ [ [ Liabilities and Stockholders' Equity $[