6 ! Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 5 of 8 Credits 0.63 points Debits $13,000 6,600 2,600 17,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals eBook $ 5,800 8,300 18,000 7,100 $39,200 Print $39,200 References The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $46,000, of which $19,600 is on account. 2. May 2 Collect on accounts receivable, $16,600. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Paysalaries of $8,300 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,600. 6. October 19 Purchase equipment for $6,600 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. VINY 5 Juilly EMI un IIS TUI U yeo. 6 1. March 12 Provide services to customers, $46,000, of which $19,60 2. May 2 Collect on accounts receivable $16,600. 3. June 30 Issue shares of common stock in exchange for $4,000 cas, 4. August 1 Pay salaries of $8,300 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,600. 6. October 19 Purchase equipment for $6,600 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. Part 5 of 8 0.63 points 8-a. Prepare the income statement for the year ended December 31, 2021. eBook Print RED STORM CLEANERS Income Statement For the Year Ended December 31, 2021 References Expenses: Total expenses 6 0 Required information Part 5 of 8 8-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should b minus sign.) 0.63 points RED STORM CLEANERS Balance Sheet December 31, 2021 eBook Assets Lialities Print Current Assets: Current Liabilities: References Stockholders' Equity Total Current Assets Long-term assets: Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets