Complete the general journal, T-Accounts, End of year income statment, end of year balance sheet, and post closing trial balance based on the information provided. Use the information in the year 0 income statemnet and balance sheet as beginning balances for accounts.

Andover Income Statement for Year ended December 31, Year 0 \begin{tabular}{|l|r|} \hline Revenues & \\ \hline Sales Revenue & $190,500 \\ \hline Expenses & (110,500) \\ \hline Cost of Goods Sold & (10,000) \\ \hline R \& D Expense & (2,000) \\ \hline Sales Commissions & (5,000) \\ \hline Marketing Expense & (6,000) \\ \hline Insurance Expense & (27,500) \\ \hline Other Operating Expenses & $29,500 \\ \hline Income from Operations & 500 \\ \hline Interest Income & 30,000 \\ \hline Income before Taxes & (9,500) \\ \hline Income Tax Expense & 20,500 \\ \hline Net Income & \\ \hline \end{tabular} Andover Balance Sheet As of December 31, Year 0 \begin{tabular}{|l|r|} \hline Assets \\ Cash \\ \hline Marketable Securities & $100,000 \\ \hline Accounts Receivable & 7,700 \\ \hline Inventory & 25,000 \\ \hline PP\&E (net) & 21,000 \\ \hline Land & 36,400 \\ \hline Other Long-Term Assets & 11,500 \\ \hline Total Assets & 17,000 \\ \hline \end{tabular} Liabilities \& Equity \begin{tabular}{|l|r|} \hline Accounts Payable & $51,000 \\ \hline Notes Payable & \\ Unearned Revenue & 39,500 \\ \hline Income Tax Payable & 50,000 \\ \hline Common Stock & 6,700 \\ \hline Retained Earnings & 51,000 \\ \hline Total Liabilities \& Equity & 20,400 \\ \hline \end{tabular} General Journal Please do NOT ADD or DELETE rows! If you need multiple entries for one transaction, skip a row between entries. Page 1 ADJUSTING ENTRIES 17 18 19 20 CLOSING ENTRIES 1 2 FORMULAS MUST BE USED. DO NOT HARD CODE ANY NUMBER. Salaries Payable BR Cells highlighted in blue must include formulas and may not be hard coded. Andover Balance Sheet As of December 31, Year 1 Assets Total Assets 0 Liabilities \& Equity Total Liabilities \& Equity 0 Post-Closing Trial Balance DR CR Total