The unadjusted trial balance for Flint Corporation is shown below.

FLINT CORPORATION Trial Balance October 31, 2017
		Debit		Credit
Cash		$15,480
Supplies		3,000
Prepaid Insurance		660
Equipment		4,550
Notes Payable				$4,550
Accounts Payable				2,110
Unearned Service Revenue				1,920
Common Stock				10,280
Retained Earnings				0
Dividends		630
Service Revenue				13,240
Salaries and Wages Expense		4,000
Rent Expense		3,780
		$32,100		$32,100

Assume the following adjustment data.

1.		Supplies on hand at October 31 total $670.
2.		Expired insurance for the month is $110.
3.		Depreciation for the month is $105.
4.		As of October 31, services worth $930 related to the previously recorded unearned revenue had been performed.
5.		Services performed but unbilled (and no receivable has been recorded) at October 31 are $330.
6.		Interest expense accrued at October 31 is $80.
7.		Accrued salaries at October 31 are $1,560.

Requirement:

1. Close out Income Summary Account for Retained Earnings account.

2. Prepare Income Statement and Balance Sheet.