General Ledger Assignment (Assessment Question) 5 Part 5 of 20 points Required information [The following information applies to the questions displayed below.) The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $26,100 16,900 15,000 163,000 $8,200 7,300 158,000 47,500 $221,000 $221,000 Mc Graw The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 1. November 201 9. December 30 Provide storage services for cash, $149,100, and on account, $59,700. Collect on accounts receivable, $53,000. Receive cash in advance from customers, $14,400. Purchase supplies on account, $12,200. Pay property taxes, $10,000. Pay on accounts payable, $12,900. Pay salaries, $138,600. Issue shares of common stock in exchange for $42,000 cash. Pay $4,300 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2024. Prou