[The following information applies to the questions displayed below.) Edwards Corporation operates hair salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the company's accounts for the year ended June 30, 2016. 196 187 55 760 12 Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Amortization Expense Cash Common Stock Depreciation Expense Equipment Income Tax Expense Interest Expense Inventories Notes Payable (long-term) Office Expenses Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Software Supplies Expense 146 127 131 280 760 174 1.371 1-a. Prepare an adjusted trial balance at June 30, 2016. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) EDWARDS CORPORATION Adjusted Trial Balance (in millions) Account Titles Debit Credit Cash Accounts Receivable Inventories Prepaid Rent Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Service Revenue Salaries and Wages Expense Rent Expense Office Expenses Supplies Expense Depreciation Expense Interest Expense Amortization Expense Income Tax Expense Totals 1-b. Is the Retained Earnings balance of $544 the amount that would be reported on the balance sheet as of June 30, 2016? Yes No