Turtle Company has prepared the following adjusted trial balance for the year ended December 31, 2016:

Turtle Company

ADJUSTED TRIAL BALANCE

December 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	1,700.00
2	Accounts Receivable	2,100.00
3	Inventory	1,800.00
4	Equipment	5,400.00
5	Accumulated Depreciation		1,700.00
6	Accounts Payable		2,300.00
7	Salaries Payable		300.00
8	Income Taxes Payable		360.00
9	Common Stock		3,200.00
10	Retained Earnings		2,500.00
11	Dividends	200.00
12	Sales Revenue		7,900.00
13	Cost of Goods Sold	4,300.00
14	Selling Expenses	1,800.00
15	Administrative Expenses	600.00
16	Income Tax Expense	360.00
17	Totals	18,260.00	18,260.00

Required:

For 2016, prepare in proper form: (1) an income statement, (2) a retained earnings statement, (3) an ending balance sheet, and (4) closing entries.