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 10,500 10,500 Accounts Receivable 39,500 (a) 9,100 48,600 Prepaid Insurance 4,200 (b) 3,350 850 Supplies 2,790 (c) 2,180 610 Land 98,000 98,000 Building 416,000 416,000 Accumulated Depreciation-Building 205,300 (d) 14,000 219,300 Equipment 107,000 107,000 Accumulated Depreciation-Equipment 85,100 (e) 4,200 89,300 Accounts Payable 15,800 15,800 Salaries and Wages Payable (f) 5,000 5,000 Unearned Rent 2,300 (g) 1,300 1,000 Common Stock 70,000 70,000 Retained Earnings 155,040 155,040 Dividends 10,000 10,000 Fees Earned 363,000 (a) 9,100 372,100 Rent Revenue (g) 1,300 1,300 Salaries and Wages Expense 159,000 (f) 5,000 164,000 Advertising Expense 21,400 21,400 Utilities Expense 15,000 15,000 Depreciation Expense-Building (d) 14,000 14,000 Repairs Expense 8,850 8,850 Depreciation Expense-Equipment (e) 4,200 4,200 Insurance Expense (b) 3,350 3,350 Supplies Expense (c) 2,180 2,180 Miscellaneous Expense 4,300 4,300 896,540 896,540 39,130 39,130 928,840 928,840 Required: 1. Prepare an income statement for the year ended December 31, 20Y5. 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. Prepare a statement of stockholders equity for the year ended December 31, 20Y5. During the year, common stock of $30,000 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. 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. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. Prepare a post-closing trial balance.