The general ledger of the Karlin Company, a consulting company, at January 1, 2016, contained the following account balances:

Account Title	Debits	Credits
Cash	32,600
Accounts receivable	11,500
Equipment	18,000
Accumulated depreciation		5,400
Salaries payable		6,750
Common stock		42,500
Retained earnings		7,450
Total	62,100	62,100

The following is a summary of the transactions for the year:

a.	Sales of services, $108,000, of which $32,400 was on credit.
b.	Collected on accounts receivable, $22,900.
c.	Issued shares of common stock in exchange for $9,000 in cash.
d.	Paid salaries, $39,250 (of which $6,750 was for salaries payable).
e.	Paid miscellaneous expenses, $21,200.
f.	Purchased equipment for $11,500 in cash.
g.	Paid $2,575 in cash dividends to shareholders.

1.	Accrued salaries at year-end amounted to $785.
2.	Depreciation for the year on the equipment is $1,800.

	1 Prepare an unadjusted trial balance.
	2 Prepare an adjusted trial balance.
	3 Prepare an income statement for 2016.
	4 Prepare a balance sheet as of December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.)
	5 Prepare a post-closing trial balance.