statement and statement of retained earnings for the year ended December 31, 2020. Fine Porter Inc. 9) The adjusted trial balance for Fine Porter Inc. as of December 31, 2020, is shown below. Prepare...

Extracted text: statement and statement of retained earnings for the year ended December 31, 2020. Fine Porter Inc. 9) The adjusted trial balance for Fine Porter Inc. as of December 31, 2020, is shown below. Prepare the income Adjusted Trial Balance December 31, 2020 Cash Debit Credit $30,500 Accounts receivable 23,200 Supplies 3,950 Prepaid insurance 2,600 Equipment 48,500 Accumulated depreciation-equipment $18,800 Accounts payable 3,500 Unearned service revenue 8,700 Salary payable 1,650 24,000 Common shares 20,000 Retained earnings Dividends 6,000 70,300 Service revenue 25,850 Salary expense 1,850 Supplies expense 700 Insurance expense 900 Depreciation expense-equipment Utilities Expense 2900