4) It is Jack's first day on the job at Corporate Inc. and he has mixed up all of the accounts! He doesn't know which ones belong on which financial statement. Help Jack sort the accounts and prepare the financial statements for the year. Beginning retained earnings was $60,000. Prepare the Income Statement, Statement of Retained Earnings and Balance Sheet for the company. (Hint: you will need to prepare the statements in the order listed.) 5) Dane Company had the following transactions during the month of September. Record (i.e. write the journal entries) these transactions. September 1 Borrowed $20,000 from the bank, signing loan documents. September 5 Performed services worth $220 for a customer, who paid in cash. September 10 Received a $70 electric bill for the month of August. September 15 Performed services worth $350 for a customer, who paid on account. September 20 Paid electric bill (received September 10). September 25 Received full payment for customer services rendered on September 15. September 30 Paid $1,000 of employee salary for the month of September