Beacon Signals Company maintains and repairs waning ights, such ias those found on radio towers and ighthouses Beacon Signals Company prepared the following end-ofperiod spre December 31, 2019, the end of the focal year Beacon Signals Company End-of-Period Spreadsheet For the Year Ended December 31, 2019 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr Dr Cr Dr C 13.000.00 13,000 00 Cash 40,500 00 () 12.500 00 53,000 00 Accounts Receivable Prepaid Insurance 4,200.00 (b) 3,000.00 1,200.00 Supplies 3,000.00 (c) 2,250.00 750.00 Land 98,000.00 98,000.00 Building 500,000.00 500,000.00 Accumulated Depreciation-Building 255,300.00 (d) 9,000.00 264,300.00 Equipment 121,900.00 121,900.00 Accumulated Depreciation-Equipment 100,100.00 (e) 4,500.00 104,600.00 Accounts Payable 15,700.00 15,700.00 Salaries and Wages Payable ()4,900.00 4,900.00 Unearned Rent 2,100.00 (g) 1,300.00 800.00 lI3lucLIUIIJ Sarah Colin, Capital 238,100.00 238,100.00 Sarah Colin, Drawing 10,000.00 10,000.00 Fees Earned 388,700.00 (a) 12,500.00 401,200.00 Ren venue (g) 1,300.00 1,300.00 Salaries and Wages Expense 163,100.00 ()4,900.00 168,000.00 Advertising Expense 21,700.00 21,700.00 Utilities Expense 11,400.00 11,400.00 Depreciation Expense-Building (d) 9,000.00 9,000.00 Repairs Expense 8,850.00 8,850.00 Depreciation Expense-Equipment (e) 4,500.00 4,500.00 Insurance Expense (b) 3,000.00 3,000.00 Supplies Expense (c) 2,250.00 2,250.00 Miscellaneous Expense 4,350.00 4,350.00 1,000,000.00 1,000,000.00 37,450.00 37,450.00 1,030,900.00 1,030,900.00 Required: 1. Prepare an income statement for the year ended December 31. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons () on the income statement. 2. Prepare a statement of owner's equity for the year ended December 31. No additional investments in which you must enter subtracted or negative numbers use a minus sign. Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text items IS were made during the year. For those boxes in which you must enter subtracted or negative numbers use a minuS Sign. Be sure to complere the staremerit nieaurng Use une mSE Or Laveia and Amount Descriptions for the correct wording of text items. 3. Prepare a balance sheet as of December 31. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will ne need to enter colons () or the word "Less on the balance sheet, they will automatically insert where necessary 4. Based upon the end-of-period spreadsheet, journalize the closing entries. Explanations should be omitted If you are unsure of account titles, see the chart of accounts. 5. Prepare a post-closing trial balance