American Laset, Incorporated, reported the following account balances on January 1. The company entered into the following transactions during the year. January 15 Issued 5 , ese shares of $1 par comon stock for $50, eee cash. January 31 collected $3,000 froe customers on account. February 15 Reacquired 3 , 000 shares of $1 par comon stock into treasury for $33, eee cash. Narch is Reissued 2, eee shares of treasury stock for $24, eee cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of coneon stock. October 1 Issued 10e, 10-year, $1,000 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. December 29 Recorded $230, eee of service revenue, all of which was collected in cash. December 39 Paid $200, eee cash for this year's wages through December 31 . Ignore payroll taxes and payroll deductions. December 31 Calculated $10, eee of depreciation for the year to be recorded. (Ignore accrual adjustnents for interest and income taxes.) General Journal tab - Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The option you choose will be the values used to populate the balance sheet tabs. Balance Sheet tab - Prepare the noncurrent liabilities and stockholders' equity sections of the balance sheet at December 31. At the end of the year, the adjusted net income was $20,000. General Journal tab - Prepare a closing journal entry for the income statement accounts, assuming the events on December 29-31 were the only transactions to affect income statement accounts. General Journal tab - After preparing the financial statements, record the closing entry for Dividends. Impact on Debt to Assets Ratio tab - Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio