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	10,000				10,000
Accounts Receivable	39,000		(a) 9,100		48,100
Prepaid Insurance	4,300			(b) 3,150	1,150
Supplies	2,740			(c) 2,180	560
Land	98,000				98,000
Building	423,000				423,000
Accumulated Depreciation-Building		205,300		(d) 12,000		217,300
Equipment	106,000				106,000
Accumulated Depreciation-Equipment		85,100		(e) 4,400		89,500
Accounts Payable		16,000				16,000
Salaries and Wages Payable				(f) 5,000		5,000
Unearned Rent		2,300	(g) 1,200			1,100
Common Stock		90,000				90,000
Retained Earnings		139,370				139,370
Dividends	10,000				10,000
Fees Earned		363,400		(a) 9,100		372,500
Rent Revenue				(g) 1,200		1,200
Salaries and Wages Expense	158,800		(f) 5,000		163,800
Advertising Expense	21,400				21,400
Utilities Expense	15,100				15,100
Depreciation Expense-Building			(d) 12,000		12,000
Repairs Expense	8,850				8,850
Depreciation Expense-Equipment			(e) 4,400		4,400
Insurance Expense			(b) 3,150		3,150
Supplies Expense			(c) 2,180		2,180
Miscellaneous Expense	4,280				4,280
	901,470	901,470	37,030	37,030	931,970	931,970

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.
2.	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.
3.	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.
4.	Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.
5.	Prepare a post-closing trial balance.