The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment $ 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense Utilities Expense Rent Expense Depreciation Expense 6,600 1,800 2,700 600 552 $43.950 $43.950 Income Taxes Expense Instructions: Using Adjusted Trial Balance above: (1) Prepare the necessary year-end closing entries. Date Account Titles and Explanation Debit Credit (2) Prepare an Income Statement for the year ended December 31, 2018 (3) Prepare a Statement of Retained Earnings for the year ended December 31, 2018 (4) Prepare a Balance Sheet dated December 31, 2018 (5) Does the company appear to be liquid? Explain. (6) Has the company been profitable in the past? Explain