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The general ledger of Zips Storage at January 1, 2018, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 26,000 16,800 14,800 162,000 8,100 7,200 157,000 47,300 Totals $219,600 $219,600 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $148,100, and on account, $59,200. b. February 12 Collect on accounts receivable, $52,900. c. April 25 Receive cash in advance from customers, $14,300. d. May 6 Purchase supplies on account, $12,000. e. July 15 Pay property taxes, $9.900. f. September 10 Pay on accounts payable, $12,800. g. October 31 Pay salaries, $137,600, h. November 20 Issue shares of common stock in exchange for $41,000 cash. 1. December 30 Pay $4,200 cash dividends to stockholders. The following information is available for the adjusting entries. Insurance expired during the year is $8,400. Supplies remaining on hand at the end of the year equal $4,300. Provide services $13,200 related to cash paid in advance by customers. ProfSykes - OneDrive le #10 Submitted B November 20 Cash 41,000 Common stock > 41,000 9 December 30 Dividends 4,200 Cash 4,200 10 December 31 > > x 11 December 31 x x 12 December 31 X x 13 December 31 X 14 December 31 X X X X x 15 December 31 X Zips Storage Income Statement For the Year Ended December 31, 2018 Revenues: Service revenue 207,300 Total Revenues 207,300 Expenses: Salaries expense Property tax expense 137,600 9,900 x Total expenses 147,500 $ 59,800 x Balance She