The adjusted trial balance for Tybalt Construction as of December 31, 2015, follows

Debit

Cash 14500

Short term investments 42000

Supplies 100000

Prepaid insurance 8900

Wquipment 59000

Building 245000

Lands 74000

Dividends 22500

Rent earned 42500

Dividends earned 3900

Depreciation expense bulding 20500

Depreciation Equipment 15500

Wage expense 41500

Interest expense 7000

Insurance expense 11900

Rent ezpens 15300

Supplies expense 9300

Postage expens 6100

2015, follows

Debit

Cash 14500

Short term investments 42000

Supplies 100000

Prepaid insurance 8900

Wquipment 59000

Building 245000

Lands 74000

Dividends 22500

Rent earned 42500

Prepare the income statement for the calendar year 2015

Prepare the statement of retained earnings for the calendar year 2015

Prepare the classified balance sheet at December 31, 2015

Prepare the necessary closing entries at December 31, 2015.

Dividends earned 3900

Depreciation expense bulding 20500

Depreciation Equipment 15500

Wage expense 41500

Interest expense 7000

Insurance expense 11900

Rent ezpens 15300

Supplies expense 9300

Postage expens 6100

Property taxes expense 6900

Repairs expense 10800

Telephone expense 5100

Utilities expense 6500

Totals 632300

Credit

Accumulated depreciation-Building 69000

Account payable 61100

Interest payable 4400

Rent payable 5400

Wages payable 4400

Property taxes payable 2800

Unearned professional fees 9400

Long term notes payable 86000

Common stock 60000

Retained earnings 168900

Interest earned 4000

Professional fees earned 135000 Accumlated depreciation-Equpment

29500