Required information

[The following information applies to the questionsdisplayed below.]

A six-column table for JKL Company follows. The first two columnscontain the unadjusted trial balance for the company as of July 31,2017. The last two columns contain the adjusted trial balance as ofthe same date.

	Unadjusted Trial Balance		Adjusted Trial Balance
Cash	$	119,050				$	119,050
Accounts receivable		10,000					21,000
Office supplies		17,800					5,000
Prepaid insurance		7,240					3,360
Office equipment		87,000					87,000
Accum. Depreciation—Office equip.			$	25,000				$	28,000
Accounts payable				10,100					18,000
Interest payable				0					3,000
Salaries payable				0					7,000
Unearned consulting fees				24,000					12,000
Long-term notes payable				58,000					58,000
Common stock				33,600					33,600
Retained earnings				22,400					22,400
Dividends		5,000					5,000
Consulting fees earned				169,000					192,000
Depreciation expense—Office equip.		0					3,000
Salaries expense		67,920					74,920
Interest expense		1,280					4,280
Insurance expense		0					3,880
Rent expense		14,680					14,680
Office supplies expense		0					12,800
Advertising expense		12,130					20,030
Totals	$	342,100	$	342,100		$	374,000	$	374,000
2(a-1) Prepare JKL Company'sincome statement for the year ended July 31, 2017. 2(a-2) Prepare JKL Company's statement of retainedearnings for the year ended July 31, 2017. Note: Retained earningsat July 31, 2016, was $22,400, and the current-year dividends were$5,000. 2(b) Prepare JKL Company's the balance sheet as ofJuly 31, 2017.

	JKL COMPANY Income Statement For Year Ended July 31, 2017 Revenues Consulting fees earned $0 Expenses Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Depreciation expense—Officeequipment 0

Prepare JKL Company's statement of retained earnings for theyear ended July 31, 2017. Note: Retained earnings at July 31, 2016,was $22,400, and the current-year dividends were $5,000.

	JKL COMPANY Statement of Retained Earnings For Year Ended July 31, 2017 Retained earnings, July 31, 2016 0 Retained earnings, July 31,2017 $0

Prepare JKL Company's the balance sheet as of July 31, 2017.

	JKL COMPANY Balance Sheet July 31, 2017 0 $0 0 0 $0