9 Mad $300 of supplies on hand at the end of the accounting period Events Affecting the Year 2 Accounting Period 1. Accured $21000 centrom the sue of common stock 2. Paid $3.300 cash to see the sales payable obligation 3. Paid 58.900 cash advance to ease office space 4 Sold the land that cost $20,000 for $20.000 coth Receved 38300 cash in advance for services to be performed in the future 6. Purchased St100 of supplies on account during me yet 2. Provided services on account of $35.000 8 Collected $34.000 CASH from accounts receivable 9 Pald cash dividend of $6.000 to the stockholders 10. Pald the operating expenses of $20.500 Information for Year 2 Adjueting Entries Il The advance payment for rent of the office sonce see Event 3) was made an Marestorane year term 12. The chance for services to be provided in the future was collected on October (see Events. The one year contract started on October 13. Hnd $400 of suples remaining on hand at the end of the period Recognized accrued salaries of $4.000 at the end of the accounting period Roured dentify each eventuecting the Year and accounting persods as asset source AS asserte Ausst exchange AB, in C Record the effects of each event under me propone account headings of the accounting equation Presincome mement of change conseguit un meet and ement of cash flows for rear and 2 Complete this question by entering your owwwers in the tabs below lent Here A sin S Stafectang seramah card the wheelchan under the Boererate omadings of the wonder de los ho ALCOCE COMIANY M + Prepare an income statement statement of changes in stockholders equity, balance sheet, and statement of cash flows for teen ind Year 2 Complete this question by entering your answers in the tabs below. Required Required Required A Required in Required B Stmt Required B Bal Semt of Cash Year 2 Year 2 Sumt Stkholders Eg Sheet Flows Identify each event affecting the Year 2 accounting periods as asset source (AS), (Au), asset exchange (AE), or claims exchange (CE). Record the effects of account headings of the accounting equation. (Enter any decreases to account balances with a minus sign ALCORN SERVICE COMPANY Accounting Equation for Year 2 Assets Liabilities Stockholders Equity Event of Acco Carsh Prepaid Salaries Apocrits Unearned Common Retained Event Supplies Receivable Cand Rent Payable Payable Reveme Stock Earning . 2 2 4 5 8 10 11 12 12 14 Totals Complete this question by entering your answers in the tabs below. Required A Year 1 Required A Required B Inc Year 2 Stmt Required B Stmt Required B Bal Sheet Stkholders Eq Required B Stmt of Cash Flows Prepare an income statement for Year 1 and Year 2. ALCORN SERVICE COMPANY Income Statements For the Years Ended December 31 Year fand Year 2 Year 1 Year 2 Total revenue Expenses Total expenses and Yeal Complete this question by entering your answers in the tabs below. Required A Year 1 Required A Required B Inc Year 2 Stmt Required B Stmt Stkholders Eq Required B Required B Bal Stmt of Cash Sheet Flows Prepare the statement of cash flows for Year 1 and Year 2. (Amounts to be deducted shou ALCORN SERVICE COMPANY Statements of Cash Flows For the Years Ended December 31 Year and Year 2 Year Cash flows from operating activities Year 2 Net cash flow from operating activities Cash flows from investing acivities Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance