. One year ago, Alex Fleming founded Jack-of-All-Trades Job Search, and the business has prospered. Fleming comes to you for advice. He wishes to know how much net income his business earned during the past year. He also wants to know what the entity's total assets, liabilities, and capital are. The accounting records consist of the T-accounts in the ledger, which were prepared by an accountant who has moved. The ledger at December 31 appears at the top of the next page. Fleming indicates that at year end customers owe him $1,600 accrued service revenue, which he expects to collect early next year. These revenues have not been recorded. During the year, he collected $4,130 service revenue in advance from customers, but the business has earned only $2,500 of that amount. Rent expense for the year was $2,400, and he used up $2,100 of the supplies. Fleming estimates that depreciation on equipment was $5,900 for the year. At December 31, he owes his employee $1.200 accrued salary. Fleming expresses concern that his withdrawals during the year might have exceeded the business's net income. To get a loan to expand the business. Fleming must show the bank that his capital account has grown from its original $25,000 balance. Has it? You and Fleming agree that you will meet again in one week. Required Prepare the work sheet and the financial statements to answer Fleming's questions.