$\backslash$table$[[\backslash$table$[[$WELLS TECHNICAL INSTITUTE$],[$Unadjusted Trial Balance$],[$December $31]]],[,$Debit,Credit$],[$Cash$,$$ $26,642,],[$Accounts receivable,$0,],[$Teaching supplies,$10,245,],[$Prepaid insurance,$15,371,],[$Prepaid rent,$2,050,],[$Professional library,$30,739,],[$Accumulated depreciation$-$Professional library,,$ $9,223],[$Equipment$,96,000,],[$Accumulated depreciation$-$Equipment,,$16,396],[$Accounts payable,,$22,000],[$Salaries payable,,$0],[$Unearned revenue,,$14,500],[$Common stock,,$26,110],[$Retained earnings,,$75,000],[$Dividends$,40,988,],[$Tuition revenue,,$104,516],[$Training revenue,,$38,937],[$Depreciation expense$-$Professional library,$0,],[$Depreciation expense$-$Equipment,$0,],[$Salaries expense,$49,186,],[$Insurance expense,$0,],[$Rent expense,$22,550,],[$Teaching supplies expense,$0,],[$Advertising expense,$7,173,],[$Utilities expense,$5,738,],[$Totals$,$$ $306,682,$$ $306,682]]$

$3-$a$.$ Prepare Wells Technical Institute's income statement for the year.

$3-$b$.$ Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $$75,000$ on December $31$ of the prior year.

$3-$c$.$ Prepare Wells Technical Institute's balance sheet as of December $31.$