The unadjusted and adjusted trial balances for the Tuggle Company are presented below:

The Tuggle Company
Trial Balance
April 30, 2021
	Unadjusted Trial Balance		Adjusted Trial Balance
Account	Debit	Credit	Debit	Credit
Accounts Payable		9,600		10,000
Accounts Receivable	14,000		14,000
Accumulated Depreciation		$12,000		$13,000
Advertising Expense	4,200		4,200
Automobile Expense	1,800		2,200
Building	75,000		75,000
Cash	5,000		5,000
Common Stock		40,000		40,000
Cost of Goods Sold	62,000		62,000
Depreciation Expense			1,000
Dividends	5,000		5,000
Insurance Expense			1,900
Interest Expense			1,400
Interest Payable				1,400
Inventory	30,000		30,000
Land	12,500		12,500
Prepaid Insurance	4,100		2,200
Rental Revenue				1,700
Retained Earnings		61,600		61,600
Sales		100,000		100,000
Supplies	1,200		400
Supplies Expense			800
Unearned Rental Revenue		1,800		100
Wage Expense	10,200		14,000
Wages Payable				3,800
Total	$225,000	$225,000	$231,600	$231,600

REQUIRED:

1. Explicitly identify each adjusting journal entry made to obtain balances in the post-adjustment trial balance. **Full credit will only be awarded for complete, balancing journal entries with appropriate debits and credits, accompanying account titles and values.

2. Create Tuggle Company's Income Statement and Statement of Retained Earnings.

3. Create closing entries. **Full credit will only be awarded for complete, balancing journal entries with appropriate debits and credits, accompanying account titles and values.

4. Create a post-closing trial balance for the Tuggle Company.

5. Create Tuggle Company's Balance Sheet as of April 30, 2021.