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The following is an Adjusted Trial Balance for Klushman Industries: File Home Insert Draw Formulas Data Review View Help A1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline 4 & rocest upante & B & C & D & E & F & G & H & 1 & J & K & L & M & N & 0 & P \\ \hline 22 & Common Stock & & 15,000 & & & & & & & & & & & & & \\ \hline 23 & Additional Paid in Capital & & 225,000 & & & & & & & & & & & & & \\ \hline 24 & Retained Earnings & & 30,000 & & & & & & & & & & & & & \\ \hline 25 & Service Revenue & & 180,000 & & & & & & & & & & & & & \\ \hline 26 & Salaries and Wages Expense & 48,000 & & & & & & & & & & & & & & \\ \hline 27 & Supplies Expense & 13,000 & & & & & & & & & & & & & & \\ \hline 28 & Office Expense & 22,000 & & & & & & & & & & & & & & \\ \hline 29 & Depreciation Expense & 15,000 & & & & & & & & & & & & & & \\ \hline 30 & Insurance Expense & 14,000 & & & & & & & & & & & & & & \\ \hline 31 & Income Tax Expense & 14,000 & & & & & & & & & & & & & & \\ \hline 32 & Utilities Expense & 18,000 & & & & & & & & & & & & & & \\ \hline 33 & Interest Expense & 16,000 & & & & & & & & & & & & & & \\ \hline 34 & & 538,000 & 538,000 & & & & & & & & & & & & & \\ \hline 35 & & & & & & & & & & & & & & & & \\ \hline 36 & Total Assets last year: & 300,000 & & & & & & & & & & & & & & \\ \hline 37 & & & & & & & & & & & & & & & & \\ \hline 38 & Required: & & & & & & & & & & & & & & & \\ \hline 39 & Use the Adjusted Trial Balance to prepare: & & & & & & & & & & & & & & & \\ \hline 40 & 1. Income Statement & & & & & & & & & & & & & & & \\ \hline 41 & 2. Closing Entry & & & & & & & & & & & & & & & \\ \hline 42 & 3. Balance Sheet & & & & & & & & & & & & & & & \\ \hline 43 & 4. Current Ratio & & & & & & & & & & & & & & & \\ \hline 44 & 5. Net Profit Margin & & & & & & & & & & & & & & & \\ \hline 45 & 6. Total Asset Turnover & & & & & & & & & & & & & & & \\ \hline 46 & & & & & & & & & & & & & & & & \\ \hline 47 & Note: Maintain the order in which the & ts appea & he Adjus & al B & & & & nts. & & & & & & & & \\ \hline \end{tabular} File Home Insert Draw Formulas Data Review View Help A1 File Home Insert Draw Formulas Data Review View Help Calibri (Body) 11 General A1 \begin{tabular}{l|l} C & D \end{tabular} G K L M N O P

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