Do a Income statement, Retained Earnings, Balance Sheet and close the accounts

+ The annual premium for the insurance policy was paid on July 1,2021 for $7,560 and posted to prepaid insurance. The office supplies were counted on 12-31-21 and had a balance of $593. The wages and salaries of the sales \& adminstrative staff is $875 per day. The payroll is a weekly payroll and staff work six days a week with Sundays closed. The last December payroll was paid on Friday, December 31st for timecards through Saturday, December 25th Depreciation for 2021 is $12,655. Customers must make a downpayment for all special order items. The actual customer downpayments for which items had not been sold was $6,480 at 12-31-21. This information is not for adjusting entries - balance sheet only Current portion of long-term debt $4,500 how much they have to pay for the coming year 45,000 on balance sheets gets broken into current and noncurrent liabilities