Gibson Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following adjusted balances at December 31, 2012 (listed alphabetically):

Required:
1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2012. Solve for the "?" in Retained Earnings.
2. Does the Retained Earnings balance determined in requirement 1 represent the balance at December 31, 2012, or December 31, 2011? Explain.

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Accounts Payable Equipment Other Assets Service Revenue 86,830 323,040 145,000 2,564,200 Accounts Receivable General and Administrative Expense Other Expenses Supplies 225,400 320,050 188,000 12,200 Accrued Liabilities Income Taxes Payable Other Revenue Supplies Expense 25,650 2,030 20,800 42,590 Accumulated Depreciation Prepaid Rent 0,200 Rent Expense Interest Expense Unearned Revenue 18,100 17,200 32,500 Cash Utilities Expense 173,000 60,000 152080 25,230 Contributed Capital Notes Payable Retained Earnings Wages Expense 1,590,000 233,370 160,000 Dividends Declared 5,000