The year-end financial statements of Rattlers Tax Services are provided below. RATTLERS TAX SERVICES Income Statement Service revenue Expenses: Salaries Utilities Insurance Supplies Net income $73,000 $45,100 7,300 4,900 1,650 58,950 $14,050 RATTLERS TAX SERVICES Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance, Jan. 1 $51,000 $23,600 74,600 Issue stock 21,000 21,000 Net income 14,050 14,050 Dividends (5,100) (5,100) Ending balance, Dec. 31 $72,000 $32,550 $104,550 RATTLERS TAX SERVICES Balance Sheet Assets Liabilities Cash. $ 3,800 Accounts payable Accounts receivable Land 6,300 100,000 Common stock Total assets $110,100 Stockholders Equity: Retained earnings Total liabilities and equities $72,000 32,550 $ 5,550 104,550 $110,100 S 2. Prepare a post-closing trial balance. (Hint: The balance of Retained Earnings will be the amount shown in the balance sheet) RATTLERS TAX SERVICES Post-Closing Trial Balance Accounts Debit Credit Cash Totals $ 0 $ 0