Hello, I have this income financial statement that I can't seem to finish. I have several rows completed, but the rest is all a blur. I have attached my professor's instructions as well.

Beacons Company Income Statement For the Year Ended December 31, 20Y5 Revenues: Fees earned $ 372,800 Rent revenue 1, 100 Total revenues $ 373,900 Expenses: Salaries and wages expense $ 163, 100 Advertising expense 21,700 Utilities expense 16,400 Depreciation expense - building 12,000 Repairs expense 8,850 Depreciation expense - equipment 4,800 Insurance expense 3, 150 Supplies expense 2, 180 Miscellaneous expense 4,320 Total expenses (236,500) Net income (loss) $ 137,400 Beacons Company Statement of Stockholders' Equity For the Year Ended December 31, 20Y5 Common Retained Stock Earnings Total Balances, January 1, 20Y5 $ 75,000 * $ 128, 100 Issued common stock 25,000 Net income Dividends Balances, December 31, 20Y5 $ 100,000 BeacBeacons Company Balance Sheet December 31, 20Y5 Assets Current assets: Total current assets Property, plant, and equipment: Book value - building Book value - equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equityJOURNAL Date Description Debit Credit 20Y5 Closing Entries Dec. 31 Fees Earned 372,800 Rent Revenue 1, 100 Salaries and Wages Expense 163, 100 Advertising Expense 21,700 Utilities Expense 16,400 Depreciation Expense - Building 12,000 Repairs Expense 8,850 Depreciation Expense - Equipment 4,800 Insurance Expense 3, 150 Supplies Expense 2, 180 Miscellaneous Expense 4,320 Retained Earnings 4,320 31 Beacons Company5. Beacons Company Post-Closing Trial Balance December 31, 20Y5 Debit Credit Balances Balances Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries & Wages Payable Uneamed Rent Common Stock Retained EarningsPrepare the Financial Statements PR4-1A Beacon company Learning Objectives: Preparing a classied Balance Sheet, making closing entries and preparing the post closing trial balance. 0 Prepare an income statement for the year ended December 31, 20Y5. Answer Check Figure: Net income, $137,400 0 Prepare a statement of stockholders' equity for the year ended December 31, 20Y5. During the year, common stock of $25,000 was issued. 0 Prepare a balance sheet as of December 31, 20Y5. 0 Based upon the end-of-period spreadsheet, journalize the closing entries. 0 Prepare a post-closing trial balance Refer page 164 and 165 for illustrative example. Classied Balance Sheet Template Obj. 1, 2, 3 Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the end of the fiscal year: A B C D E F G + N Beacons Company End-of-Period Spreadsheet 3 For the Year Ended December 31, 20Y5 4 Unadjusted Adjusted 5 Trial Balance Adjustments Trial Balance 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 7 8 Cash 10,800 10,800 9 Accounts Receivable 38,900 9,100 48,000 10 Prepaid Insurance 4,200 3,150 1.050 11 Supplies 2,730 2,180 550 12 Land 98,000 98,000 13 Building 400,000 400,000 14 Accum. Depr.-Building 205,300 12,00 217,300 15 Equipment 101,000 101.000 16 Accum. Depr.-Equipment 85,100 4,800 89,900 17 Accounts Payable 15,700 15,700 18 Salaries & Wages Payable 5,000 5,000 19 Uneamed Rent 2,100 1,100 1,000 20 Common Stock 75,000 75,000 21 Retained Earnings 128,100 128,100 22 Dividends 10,000 10,000 23 Fees Eamed 363,700 9,100 372,800 24 Rent Revenue 1,100 1,100 25 Salaries & Wages Expense 158,100 5,000 163,100 26 Advertising Expense 21,700 21,700 27 Utilities Expense 16,400 16,400 28 Depr. Exp.-Building 12,000 12.000 29 Repairs Expense 8,850 8,850 30 Depr. Exp.-Equipment 4,800 4,800 31 Insurance Expense 3,150 3,150 32 Supplies Expense 2,180 2,180 33 Misc. Expense 4,320 4,320 34 875,000 875.000 37,330 37,330 905.900 905,900 35