Refer to the image below:

1. do a balance sheet
2. do a statement of retained earnings for Water & Malt Inc. dated December 31, 2017.
3. Prepare closing entries

1. 

The unadjusted trial balance for Water & Malt Inc. appears below as of December 31 , 2017. Water & Malt Inc. Unadjusted Trial Balance December 31 , 2017 Debit Credit Cash $35,300 Accounts receivable 16,000 Prepaid insurance 5,000 Supplies 1,500 Equipment 20,000 Accumulated depreciation-equipment $3,200 Accounts payable 11,000 Uneamed service revenue 9,800 Common shares 27,000 Retained earnings 17,000 Dividends 1,000 Service revenue 24,600 Salary expense 8,200 Utilities expense 800 Rent expense 3,600 Advertising expense 1,200 m m Additional data is as follows: . Supplies used during the current year amount to $700. Accrued salaries on December 31, 2017, amount to $500. Uneamed service revenue earned during the year amounts to $3,500. Depreciation for the current year amounts to $2,000. Prepaid insurance was purchased on April 1, 2017 for a 12 month period