Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the end of the fiscal year:

	Beacons Company
	End-of-Period Spreadsheet
	For the Year Ended December 31, 20Y5
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	10,400				10,400
Accounts Receivable	39,900		(a) 9,300		49,200
Prepaid Insurance	4,500			(b) 3,150	1,350
Supplies	2,780			(c) 2,180	600
Land	98,000				98,000
Building	412,000				412,000
Accumulated Depreciation-Building		205,300		(d) 13,000		218,300
Equipment	102,000				102,000
Accumulated Depreciation-Equipment		85,100		(e) 4,800		89,900
Accounts Payable		15,800				15,800
Salaries and Wages Payable				(f) 4,000		4,000
Unearned Rent		2,000	(g) 1,100			900
Common Stock		90,000				90,000
Retained Earnings		126,430				126,430
Dividends	10,000				10,000
Fees Earned		363,100		(a) 9,300		372,400
Rent Revenue				(g) 1,100		1,100
Salaries and Wages Expense	158,500		(f) 4,000		162,500
Advertising Expense	21,300				21,300
Utilities Expense	15,500				15,500
Depreciation Expense-Building			(d) 13,000		13,000
Repairs Expense	8,850				8,850
Depreciation Expense-Equipment			(e) 4,800		4,800
Insurance Expense			(b) 3,150		3,150
Supplies Expense			(c) 2,180		2,180
Miscellaneous Expense	4,000				4,000
	887,730	887,730	37,530	37,530	918,830	918,830

Required:

1.	Prepare a statement of stockholders equity for the year ended December 31, 20Y5. During the year, common stock of $20,000 was issued. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles.
2.	Prepare a balance sheet as of December 31, 20Y5. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
3.	Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.
4.	Prepare a post-closing trial balance.