How do I prepare an Income Statement & Balance Sheet with the given Trial Balance?

Step 2: Post the entries to unadjusted trial balance, making it an adjusted trial balance. DR DR $ $ Trial Balance 31-Dec-20 Unadjusted CR 6,000 20,000 5,000 5,000 8,400 3,350 60,000 Adjusted CR 6,000.00 27000 0 5000 850 1450 58500 28,000 5,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Equipment Accumulated DepreciationEquipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense Cost of Goods Sold Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense 5,000 6,000 32200 5000 1500 5000 3000 5000 100001 3500 63600 5,000 10,000 3,500 58,600 9,350 9350 1500 4800 1500 4200 7550 40001 130,250.00 $ 4,000 $121,100 $ 121,100 $ 130,250.00