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In: AccountingThe adjusted trial balance for Pharoah Company is givenbelow.Pharoah CompanyTrial BalanceAugust 31,...The adjusted trial balance for Pharoah Company is givenbelow.Pharoah CompanyTrial BalanceAugust 31, 2020BeforeAdjustmentAfterAdjustmentDr.Cr.Dr.Cr.Cash$10,200$10,200Accounts Receivable8,9009,900Supplies2,300600Prepaid Insurance3,8002,700Equipment13,50013,500Accumulated Depreciation-Equipment$ 3,700$ 4,500Accounts Payable5,8005,800Salaries and Wages Payable01,400Unearned Rent Revenue1,400800Common Stock11,20011,200Retained Earnings3,6003,600Service Revenue33,90034,900Rent Revenue11,10011,700Salaries and Wages Expense16,80018,200Supplies Expense01,700Rent Expense15,20015,200Insurance Expense01,100Depreciation Expense0800$70,700$70,700$73,900$73,900Prepare the retained earnings statement for the year, preparethe income statement for the year, prepare the balance sheet atAugust 31.