The year-end financial statements of Rattlers Tax Services are provided below. $71,500 RATTLERS TAX SERVICES Income Statement Service revenue Expenses: Salaries $44,820 Utilities 7,000 Insurance 4,600 Supplies 1,500 Net income 57,900 $13,600 RATTLERS TAX SERVICES Statement of Stockholders Equity Common Retained Stock Earnings Beginning balance, Jan. 1 48.000 923 15 sue stock 18,00 vet income 13500 Dividends Ending balance des 1 156.0 52100 Total Stockholders Equity 71,388 180 13, de $98.100 Assets LE cott necesvable HAILES TAX SERVICES ance et 10 et payable Stockholders buitys stock be St TO $14 Tata TE 15 Problem 5-6A Part 2 Presence The one at Reta med en gewete amount shewin the balance sheet Assets Cash Accounts receivable Land $ 3,50 6,000 95, ege $ 6,480 ulabilities Accounts payable Stockholders. Equity: Common stock Retained earnings Total liabilities and equities $66,00 32,100 Total assets $184, see 98, 100 $184,500 Problem 3-6A Part 2 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