Acct 311-Homework 2 Mailings Review View Help ?One Page BB Multiple Pages New Arrange Split gD Reset Window Pos E Page Width Window All D0 View Side by Side EDI Synchronous Scro dines Zoom 100% avigation Pane Show Zoom Window Using the information on the 12/31/18 adjusted trial balance (page 2) complete the following two parts. Note: An accompanying EXCEL file is provided see "Trial Balance for Homework 2" Note: The owner cannot afford an accountant so she hires an accountant (you) to come in once a month during the year to make the necessary accounting. Part 1-For the 2018 Year-End A. Prepare closing entries B. Prepare post-closing trial balance C. Prepare the balance sheet as of 12/31/18 Part 2-For 2019 repare journal entries for the following events...and then prepare the trial balance as of /31/19 AND prepare the Income Statement, Statement of Retained Earnings, and Balance Sheet for the month of January (1/31/19) For the month of january, 2019 the following events/information need to be accounted for.. Event 1-Jan. 31-> Cash sales for the month of January were $85,000 Event 2-Jan. 31 > Administrative expenses for the month of January were $14,400 (total amount was paid in cash) Event 3 Jan. 31->Cost of Goods Sold (COGS) for the month of January were $18,000 ($12,000 was paid in cash AND the remaining $6,000 was on account). Event 4-Jan. 31-> Income Tax Expense (total amount accrued] for the month of January is $6,000 Event 5-Jan. 31 > Depreciation expense (for the month)- equipment is $900 Event 6-Jan. 31 > Depreciation expense (for the month)-building is $1.200 Event 7-Jan. 31 > Accounts receivable of $3,300 was collected. Event 8-Jan. 31- Salaries and Wages payable is $0 at the end of the month. Event 9- Jan. 31 Month-end physical count of inventory and supplies shows that the month end balances are as follows: Inventory?$3,000 Supplies > $1,200