CV 4.1 Chapter 4 Canvas Homework Firefly, Inc began operations in January 2018. Below is the Adjusted Trial Balance as of December 31, 2018. This trial balance is scrambled, with the accounts in random order, but all debits and credits are correct. Complete the following: 1) For each account, label which financial statement it will appear (Income Statement, Balance Sheet, or Statement of Retained Earnings). Additionally, if it is an Income Statement account, label it as a Revenue or Expense. If it is a Balance Sheet account, label it with its proper classification (Current Asset, Long Term Investment, Property/Plant/Equipment, Intangible, Current Liability, Long Term Liability, or Equity). 2) Prepare the income Statement, Statement of Retained Earnings, and Classified Balance Sheet for Firefly, Inc for the year ending December 31, 2018. 3) Prepare all closing entries in proper order. 4) Prepare Post-Close Trial Balance. Firefly, Inc. Adjusted Trial Balance at December 31, 2018 Adjusted Trial Balance at December 31, 2018 Credit Debit 550,000 4,700 7,300 400,000 1,700 5,600 24,000 23,700 350,000 Building Utility Expense Prepaid Insurance Common Stock Interest Payable Salary Payable Interest Expense Accounts Receivable Notes Payable (2 year) Supply Expense Unearned Revenue Insurance Expense Supplies Salary Expense Cash Land Accumulated Depreciation - Building Service Revenue Accounts Payable Dividends Depreciation Expense 10,500 22,500 12,800 2,800 98,000 165,400 300,000 26,000 560,000 34,400 175,000 26,000 $ 1,400,200 $ 1.400,200