Adjustment data for Ms. Ellen's Laundry Inc. for the year ended December 31, 2018, are as follows: a. Wages accrued but not paid at December 31, $2,150 b. Depreciation of equipment during the year, $12,500 c. Laundry supplies on hand at December 31, $1,500 d. Insurance premiums expired, $4,600 Instructions 1. Using the following integrated financial statement framework, record each adjustment to the appropriate accounts, identifying each adjustment by its letter. After all adjustments are recorded, determine the balances. Financial Statement Effects BALANCE SHEET Assets Laundry Prepaid Laundry Acc Cash + Supplies + Insurance + Equip. Depr. Liabilities + Stockholders' Equity Accts. Wages Common Retained Payable +Payable + Stock + Earnings Unadjusted Balances Dec. 31, 2018 53,000 9,000 6,000 250,000 (65,000) 7,000 50,000 196,000 STATEMENT OF CASH FLOWS INCOME STATEMENT Operating (Revenues) 275,000 Laundry revenue 275,000 Financing (Common Stock) 25,000 Wages expense (110,000) Operating (Expenses) (200,000) Rent expense (30,000) Investing (Equipment) (50,000) Financing (Dividends) (15,000) Utilities expense Misc. expense (18,000) (2,500) Net increase in cash 35,000 Beginning cash bal, Jan. 1, 20YB 18,000 Ending cash bal., Dec. 31, 2018 53,000 2. Prepare an income statement and statement of stockholders' equity for the year ended December 31, 20Y8. The common stock balance as of January 1, 2018, was $25,000. The retained earnings balance as of January 1, 20Y8, was $101,500. 3. Prepare a classified balance sheet as of December 31, 20Y8. 4. Prepare a statement of cash flows for the year ended December 31, 20Y8.