Using the adjusted account balances listed below, completed the following for D2 services:

a. closing journal entries

b. calculate net income ( there is no need to prepare an Income Statement, but show your work and use labels)

c. Update the Retained Earnings balance to reflect the closing entries ( there is no need to prepare a statement of retained earnings, but show your work and use labels)

d. prepare a balance sheet that classifies accounts by category (include heading)

D2 services account balances taken from the adjusted trial balance as of 12/31/202x

account payable 3,000

account receivable 10,000

accumulated depreciation-equipment 3,500

cash 14,700

revenue 36,000

depreciation Expense-equipment 1,000

equipment 17,000

retained earnings 39,000

dividends 5,000

land 23,000

miscellaneous expense 3,000

salaries expense 9,000

utilities expense 4,800

common stock 6,000