MOTULIT Instructions: Below is the adjusted trial balance for Bear Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance, Bear Advertising Inc Adjusted Trial Balance August 31, 20XX Income Statement 515125 5500 2500 1000 6000 Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accumulated Depe Accounts Payable Uneamed Revenue Interest Payable Notes Payable Common Stock Retained Earings Dividends Advertising Revenue Depreciation Experte Insurance Expense Interest Expense Supplies Expense Ulty Expense Total $ 150 500 2000 30 3000 11000 0 3000 20000 150 500 30 2000 825 $36680 Statement of Retained Earnings $36680 General Journal PR Dobit Balance Sheet Date Account Credit Cash Accounts Receivable 35500 Prepaid Insurance $2500 $15125 Advertising Supplies $1000 Equipment 56000 Accum Depr - Equip $150 Accounts Payable $500 Uneamed Revenue Interest Payable $30 S2000 Notes Payable $3000 Common Stock $11000 Retained Earnings Dividends Advertising Revenue 520000 53000 Depreciation Expendo Insurance Expense $500 Interest Expense $30 Supplies Expense 52000 Utility Expense 5875