12 Required Informatlon Exercise 3-21B Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, Year 1, the general ledger of a company Includes the following account balances: 2 points Credit Accounts Cash Accounts Receivable Supplies Debit $ 25,600 7,090 68,000 Accounts Payable common Stock Retained Earnings Totals $ 83,890 17 500 $185,500 $185,500 During Year 1. the following transactions occur: January 2 Purchase rental space for one year in advance, $11.488 ($95e/month). January 9 Purchase additional supplies on account, $5,300. January 13 Provide services to customers on account, $27.388. January 17 Receive cash in advance from customers for services to be provided in the future. $5, 5de. January 28 Pay cash for salaries, $13,300. January 22 Receive cash on accounts receivable, $25.98. January 29 Pay cash on accounts payable, $5,800. Exercise 3-21B Part 4 2. points 4. Prepare an Income statement for the perlod ended January 31, Year 1. Income Statement eBook References For the year ended January 31, Year 1 Revenues: Expenses Total Expenses