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The completed financial statement columns of the worksheet for Coronado Music are shown as follows (amounts in NT$). Coronado Music Worksheet For the Year Ended

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The completed financial statement columns of the worksheet for Coronado Music are shown as follows (amounts in NT$). Coronado Music Worksheet For the Year Ended December 31, 2020 Income Statement Statement of Financial Position Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 7,920 112 Accounts Receivable 9,720 130 Prepaid Insurance 2,520 157 Equipment 21,600 158 Accumulated Depreciation-Equip. 3,780 201 Accounts Payable 8,100 212 Salaries and Wages Payable 2,160 311 Share Capital-Ordinary 13,500 320 Retained Earnings 4,050 332 Dividends 9,900 400 Service Revenue 54,000 622 Maintenance and Repairs Expense 1,530 711 Depreciation Expense 2,520 722 Insurance Expense 1,620 726 Salaries and Wages Expense 27,000 732 Utilities Expense 1,260 Totals 33,930 54,000 51,660 31,590 Net Income 20,070 20,070 54.000 54,000 51,660 51,660 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CORONADO MUSIC Income Statement NT$ NT$ NT$ Prepare a retained earnings statement. (List items that increase retained earnings first.) CORONADO MUSIC Retained Earnings Statement NT$ NT$ Prepare a classified statement of financial position. (List Current Assets in the reverse order of liquidity.) CORONADO MUSIC Statement of Financial Position Assets NT$ NT$ Dividends No. 332 > Income Summary No. 350 Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Salaries and Wages Expense No. 726 Utilities Expense No. 732 > Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) CORONADO MUSIC Post-Closing Trial Balance Debit Credit NT$ NT$ Totals NT$ NT$

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