Account Titles Debit Credit Cash Accounts receivable Supplies Land Equipment Accumulated Other assets (not detailed to simplify) Accounts payable Wages payable Interest payable Income taxes payable Long-term notes Common stock (8,000 shares, $0.50 par value) Additional paid-in capital Retained carnings Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense Remaining expenses (not detailed to si 6,000 5,000 13,000 78,000 ation (on equipment) 8,000 7,000 4,000 80,000 17,000 Totals 109,000 109,000 Transactions during 2015 follow: a. Borrowed SI5,000 cash on a five-year, 8 percent note payable, dated March 1, 2015. b. Purchased land for a future building site; paid cash, $13,000. c. Eamed $215,000 in revenues for 2015, including $52,000 on credit and the rest in cash. d. Sold 4,000 additional shares of capital stock for cash at SI market value per share on January I, 2015 e. Incurred S114000 in Remaining Expenses for 2015, including $20,000 on credit and the rest paid in cash. f Collected accounts receivable, $34,000. g. Purchased other assets, $15,000 cash. h. Purchased supplies on account for future use, $27,000. i. Paid accounts payable, $26,000 j. Signed a three-year $33,000 service contract to start February 1, 2016. k. Declared and paid cash dividends, $25,000. Data for adjusting entries: I. Supplies counted on December 31, 2015, $18,000. m. Depreciation for the year on the equipment, $10,000. Prepare an income statement (including earnings per share), statement of stockholders' equity, and balance sheet. Identify the type of transaction for (a) through (k) for the statement of cash flows (O for operating. I for investing, F for finacing), and the direction and amount of the effect. Joumalize and post the closing entry