Could someone assist me in understanding this one?

Lamp light company maintains and repairs warning lights, such as those found radio towers and lighthouses. Lamp light company prepared the following end-of-period spreadsheet at December 31,2016, the end of the fiscal year

\fProblem 4-1A Name: Section: Score: 0% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank. 1. LAMP LIGHT COMPANY Income Statement For the Year Ended December 31, 2016 Revenues: Total revenues Expenses: Total expenses Net income 2. LAMP LIGHT COMPANY Statement of Owner's Equity For the Year Ended December 31, 2016 Ted Hickman, capital, January 1, 2016 Ted Hickman, capital, December 31, 2016 3. LAMP LIGHT COMPANY Balance Sheet December 31, 2016 Assets Current assets: Liabilities Current liabilities Total liabilities Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Owner's Equity Total liabilities and owner's equity 4. JOURNAL Date Description 2016 Dec. 31 Closing Entries Debit Credit 31 Miscellaneous Expense 31 31 5. LAMP LIGHT COMPANY Post-Closing Trial Balance December 31, 2016 Debit Balances Cash Credit Balances Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Ted Hickman, Capital