Hello, I need help with creating the accounting cycle please and thank you.

Required Information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Credits Debits $ 3,550 8,550 2,550 17,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 4,200 2,200 3,200 13,500 8,550 $31,650 $31,650 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $10,500, and on account, $55,500. 2. March 13 Collect on accounts receivable, $43,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $31,100. 5. September 15 Pay utilities of $3,200 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $6,200. 7. December 30 Pay $1,100 cash dividends to stockholders. The following Information is available for the adjusting entries. Depreciation for the year on the machinery is $4,200. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $6,200 paid in advance by customers, $5,100 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,900. 8-a. Prepare an income statement for the year ended December 31, 2021. Answer is not complete. PIPERS PLUMBING Income Statement For the Year Ended December 31, 2021 Service Revenue 74,700 Expenses: Salaries Expense Utilities Expense Supplies Expense Depreciation Expense 7,900 1,900 X 5,100 X Total expenses 14,900 8-b. Prepare a classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. PIPERS PLUMBING Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Cash 2,200 3,200 X Accounts Receivable Accounts Payable Utilities Payable Deferred Revenue 17,550 X 1,100 Supplies 0 X Total current assets 18,650 5,400 Long-term Assets Equipment Accumulated Depreciation Total Current Liabilities Stockholder's Equity Common Stock Retained Earnings 13,500 8,550 X Total Stockholder's Equity Total Liabilities and Stockholders' Equity 22,050 27,450 Total Assets $ 18,650 $