Glidden Consulting provides marketing research for clients in the retail industry. The company had the following adjusted balances at December 31, 2017 (listed alphabetically): 

Required: 

1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2017. Solve for the ? in Retained Earnings. 

2. Does the Retained Earnings balance determined in requirement 1 represent the balance at December 31, 2017, or December 31, 2016? Explain.

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Accounts Payable Accumulated Depreciation Consulting Fees Earned General and Administrative Expense 86,830 18,100 2,564,200 320,050 Accounts Receivable Building and Equipment Contributed Capital Income Taxes Payable 225,400 323,040 233,370 2,030 Accrued Liabilities Cash Dividends Declared Interest Expense 25,650 173,000 5,000 17,200 Land Other Revenue Supplies Utilities Expense 60,000 20,800 12,200 25,230 Notes Payable Prepaid Expenses Training Expenses Wages and Benefits Expense 160,000 10,200 18,600 1,590,000 Other Assets Rent Expense Travel Expense 145,000 152,080 23,990 Other Operating Expenses Retained Earnings Deferred Consulting Fees 188,000 32,500