Walmart Inc.'s Trial Balance as of December 31, 2023:

Account Title	Debit ($)	Credit ($)
Cash	60,000
Accounts Receivable	40,000
Inventory	70,000
Equipment	150,000
Accumulated Depreciation		25,000
Accounts Payable		55,000
Notes Payable		75,000
Common Stock		80,000
Retained Earnings		50,000
Sales Revenue		130,000
Salaries Expense	30,000
Rent Expense	20,000
Utilities Expense	10,000
Insurance Expense	15,000
Dividends	25,000

Requirements:

1. Prepare the adjusted trial balance for Walmart Inc.
2. Prepare the income statement for the year ended December 31, 2023.
3. Prepare the statement of retained earnings for the year ended December 31, 2023.
4. Prepare the balance sheet as of December 31, 2023.
5. Identify any discrepancies and explain how they should be rectified.