Bee Instructions Salaries and Wages Payable (f) 5,000.00 5,000.00 Uneamed Rent 2,100.00 (g) 1,100.00 1,000.00 Common Stock 75,000.00 75,000.00 Retained Earnings 128,100.00 128,100.00 Dividends 10,000.00 Fees Earned 363,700.00 (a) 9,100.00 Rent Revenue (g) 1,100.00 Salaries and Wages Expense 158,100.00 Advertising Expense Utilities Expense Depreciation Expense-Building 21,700.00 16.400 .00 Repairs Expense Depreciation Expense-Equipment (e) 4,800.00 Insurance Expense (b) 3,150.00 Supplies Expense (c) 2,180.00 Miscellaneous Expense Required: 1. Propare an income statement for the year ended December 31,20 Y5. 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 comact wording of fext items other than account names. You will not need to enter colons (s) on the income statement: 2. Prepare a sfatoment of stockhoiders' equity for the year endod Decembor 31, 2oys. During the yoar, common stock of s25, oco was issued. If a net loss is incurrod or dividends wore 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 oxact wording of tho answer choices for text ontries. Retar fo the Chart of Accounts for exact wording of aocount tibles. 3. Propare a babance sheet as of Decomber 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 tor text entries. Refer to the Chart of Accounts for exacf wording of account tides. For thase boxes in which you must enter subtracted or negatve numbers use a tainus siglig 4. Based upen the end-of-period spreadsheet, joumalize the closing entries. Refer to the Chart of Accounts for exact wording of account tites. 5. Prepare a post-closing trial balance