ck my work American Laser, Inc., reported the following account balances on January 1 Credit Debit $ 5,000 Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10,000 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS $ 30,000 100,000 2,000 257,000 12,500 10,000 12,500 120,000 $274,500 $274,500 The company entered into the following transactions during the year. Jan 15 Issued 10,000 shares of $1 par common stock for $60,000 cash Jan 31 Collected $3,000 from customers on account. Feb. 15 Reacquired 3,100 shares of $1 par common stock into treasury for $34,100 cash Mar. 15 Reissued 2,100 shares of treasury stock for $25,100 cash Aug. 15 Reissued 600 shares of treasury stock for $4,600 cash. Sept. 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. Oct. 1 Issued 100, 10-year, $1,010 bonds, at a quoted bond price of 101 Oct. 3 Wrote off a $2,000 balance due from a customer who went bankrupt. Dec 29 Recorded $240,000 of service revenue, all of which was collected in cash Dec. 30 Paid $210,000 cash for this year's wages through December 31. Ignore payroll taxes and payroll deductions. Dec. 31 Calculated $10,000 of depreciation for the year to be recorded. Ignore accrual adjustments for interest and income taxes.) GeneralTrial Balance s General Journal Balance Debt to Requirement Sheet Assets Ratio Use the dropdowns to select the accounts properly included on the classified balance sheet. However, you will need to enter the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000 AMERICAN LASER, INC Classified Balance Sheet At December 31 0 0