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Whitaker Consulting Company has prepared a trial balance on the following partially completed worksheet for the year ended December 31, 2019: Retained Trial Income Earnings Balance Balance Adjustments Statement Statement Sheet Accounts Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 3,800 Prepaid Rent 2,400 Office Equipment 7,000 Accumulated Depreciation 1,400 Note Payable (due 7/1/20) 2,000 Common Stock (200 res) 4,000 Retained Earnings (1/1/19) 3,200 Dividends 200 Consulting Revenues 6,100 Salaries Expense 2,500 Miscellaneous Expenses 800 Totals 16,700 16,700 Additional information: (a) On January 1, 2019, the company had pald 2 years' rent in advance at $100 a month for office space, (b) the office in door Ar haberleri ile Additional information: (a) on January 1, 2019, the company had paid 2 years' rent in advance at $100 a month for office space, (b) the off equipment is being depreciated on a straight-line basis over a 10-year life, and no residual value is expected, (c) interest of $150 has accrue the note payable but has not been paid, and (d) the income tax rate is 30% on current income and will be paid in the first quarter of 2020. Required: 1. Complete the worksheet. Enter all amounts as positive numbers, WHITAKER CONSULTING COMPANY Worksheet For the Year Ended December 31, 2019 Retained Retained Trial Trial Income Income Earnings Earnings Bala Adjustments Adjustments Balance Balance Sh Statement Statement Statement Statement Debit Credit Debit Credit Debit Credit Debit Credit De Cash 3,800 3,80 Prepaid rent 2.400 1,200 1.20 Office 7,000 7.00 equipment Accumulated 1.400 depreciation Note payable (due 7/1/20) 2.000 700 BAPERS Totals 16,700 16,700 Rent expense 1,200 1.200 700 700 Depreciation expense Interest expense Interest payable 150 150 150 2.050 2.050 5.350 6,100 225 225 Income tax expense Income taxes payable 225 525 525 JO Net income 2.275 2,275 3.525 Retained earnings (12/31/19)

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