Christine Elmer, CPA had the following partial worksheet: EClick the icon to view the partial worksheet.) Requirements 1. Complete the worksheet. 2. Prepare the closing entries for Christine Elmer, CPA. Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Christine Elmer, CPA Worksheet December 31, 2016 Adjusted Income Trial Balance Statement Account Names Debit Credit Debit Credit Cash 47, 100 Accounts Receivable 13,300 Office Supplies 100 Prepaid Rent 7,600 Furniture 26,000 Accumulated Depreciation-Furniture 1,900 Building 180,000 Accumulated Depreciation-Building 1,250 Land 45,000 Accounts Payable 3,900 Utilities Payable 750 Salaries Payable 3,600 Interest Payable 600 Unearned Revenue 4,550 Notes Payable 19,000 Common Stock 120,000 Retained Earnings 175,050 Dividends 33,000 Service Revenue 103,950 Rent Expense 48,400 Salaries Expense 31,600 Supplies Expense 700 Utilities Expense 18,000 Depreciation Expense-Furniture 1,900 Depreciation Expense-Building 1.250 Interest Expense 600 Total 434,550 s 434,550 Net income or loss December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 47,100 $ 47,100 Accounts Receivable 8,800 (h) $ 4,500 13,300 Office Supplies 800 (b) $ 700 100 Prepaid Rent 11,000 (a) 3,400 7,600 Furniture 26,000 26,000 Accumulated Depreciation-Furniture (c) 1,900 $ 1,900 Building 160,000 160,000 Accumulated Depreciation-Building (d) 1,250 1,250 Land 45,000 45,000 Accounts Payable $ 3,900 3,900 Utilities Payable 750 750 Salaries Payable (f) 3,600 3,600|| Interest Payable (g) 600 600 Unearned Revenue 5,000 (e) 450 4,550 Notes Payable 19,000 19.000 Common Stock 120.000 120,000 Retained Earnings 175,050 175,050 Dividends 33,000 33,000 Service Revenue 99,000 (e, h) 4,950 103,950| Rent Expense 45,000 (a) 3,400 48,400 Salaries Expense 28,000 (f) 3,600 31,600 Supplies Expense (b) 700 700 Utilities Expense 18,000 18,000 Depreciation Expense-Furniture (c) 1,900 1,900 Depreciation Expense-Building (d) 1,250 1,250 Interest Expense 600 600 (g). $ 16,400 Total 422,700 S 422,700 $ 16,400 $ 434,550 S 434,550