The following are the account balances in the ledger of Metcaffe Manufacturing Company compiled at the end of fiscal-year 3/31/2020. Prepare the reports as required in A to D. below.

NOTES
A	Prepare the unadjusted trial balance and determine the missing figure for Retained Earnings.
B	Using the above worksheet, record the necessary below adjustments and process the balances up to Post closing trial balance.
1	Supplies still available at year-end is $2,300
2	Expired insurance for the year is $3,000
3	Annual depreciation expense on stores equipment is 12.5% of book value.
4	Annual depreciation expense on office equipment equipment is 10% of cost.
5	Four employees' wages accrued for 3 days work at the rate of $14/hr. each, working 8 hours a day.
6	Physical stock of inventory is $19,560, as at 3/31/2020.
C	Prepare a multi-step income statement, in proper form, for period ended 3/31/2020.
	Distribution of the following expenses between selling, and administration are as follows:
	Salaries/wages 60:40; Insurance, telephone, and supplies 50:50; Rent, vehicles maintenance, notes interest 70:30.
D	Prepare the classified Balance Sheet as at 3/31/2020.

Cash	$ 41,500
Accounts receivable	$ 28,700
Merchandise inventory	$ 21,930
Supplies	$ 11,800
Prepaid insurance	$ 3,600
Store equipment	$ 61,700
Accumulated Depr. - Stores equip.	$ 16,500
Office equipment	$ 39,550
Accumulated Depr. - Office equip.	$ 10,150
Accounts payable	$ 15,000
Salaries /wages payable	$ -
Common stock	$ 85,000
Retained earnings (Cr.)	?
Dividends paid	$ 17,500
Sales	$ 286,435
Sales discount	$ 4,108
Sales returns/allowances	$ 3,900
Cost of goods sold	$ 92,600
Depreciation expense-Stores equip	$ -
Depreciation expense-Office equip	$ -
Sales commission expense	$ 31,000
Salaries /wages expense	$ 49,700
Insurance expense	$ 1,200
Inventory shrinkage	$ -
Rent expense	$ 24,000
Supplies expense.	$ 7,200
Telephone, fax expenses	$ 1,960
Advertising exp	$ 8,100
Vehicle maintenance/running cost	$ 9,500
Net Income(Loss)