The Gorman Group is a financial planning services

My Home eBook Cr. The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Trial Balance Account Title Dr. Cash $17,930 Accounts Receivable 39,040 Supplies 6,100 Prepaid Insurance 13,180 Land 139,000 Buildings 499,000 Accumulated Depreciation-Buildings 162,500 Equipment 360,000 Accumulated Depreciation-Equipment 211,700 Accounts Payable 46,180 Salaries Payable 4,580 Unearned Rent 2,070 Common Stock 207,000 Retained Earnings 385,410 Dividends 34,600 Service Fees 658,500 Rent Revenue 6,950 Salaries Expense 472,080 Depreciation Expense-Equipment 25,600 Rent Expense 21,500 Supplies Expense 15,190 Utilities Expense 13,730 Depreciation Expense-Buildings 9,150 Repairs Expense 7,560 Insurance Expense 4,150 eBook Insurance Expense Miscellaneous Expense 4,150 7,080 1,684,890 1,684,890 Required: 1. Prepare an income statement. The Gorman Group Income Statement For the Year Ended October 31, 2018 Revenues: Total Revenues Expenses: III Total Expenses Net Income "repare a Retained Earnings Statement, The Gorman Group Retained Earnings Statement For the Year Ended October 31, 2018 epare a balance sheet a The Gorman Group Balance Sheet October 31, 2018 ssets Liabilities Current liabilities: Current assets: Total liabilities Total current assets Stockholders' Equity operty, plant, and equipment Previous Property, plant, and equipment: Stockholders' Equity Total property, plant, and equipment Total stockholders' equity Total assets Total abilities and stockholders' equity 2. Journalize the entries that were required to close the accounts at October 31. For a compound transaction if a box does not require an entry, leave it hank. Account Debit Date Credit 2011 Oct. 31 Close revenues Oct. 31 Close expenses