i Data Table 1 2 E 44,000 25,000 76,000 127,000 y prepari Cash Accounts receivable Inventories Fixed assets, net Accounts payable Paid-in capital Retained earnings, Jan. 1, 20x2 Revenue Cost of sales Operating expenses Totals 37,000 109,000 96,000 336,000 176,000 130,000 578,000 578,000 Print Done and artilacts from Italy and Spain and sells them in its Cynthia Gallery in London Ad the end of 2002 Cyntia ad the tolowg tral balance EEl (Click the icon to view the trial bialance ) Requirements 1. Prepare closing journal entries for Cynthia Company 2. Prepare an income statement for 20X2 and a balance sheet for December 31, 20x2 Requirement 2. Prepare an income statement for 20x2 and a balance sheet for December 31, 20x2 the income statement for 20x2 (l eave any unused cells blank Use a minus sign or parentheses for a for a net loss) Cynthia Company Income Statement For the Year Ended December 31.20x2 Deduct expenses Net income (loss) Prepare the balance sheet for December 31, 20x2. Begin by preparing the assets section, then complete the balance sheet by preparing the liabilbes and sto Cynthia Company Balance Sheet Choose from any list or enter any number in the input fields and then continue to the next question Prepare the balance sheet for December 31, 20X2 Begin by preparing the assets section, then complete the balance sheet by preparing the liabilities and su Cynthia Company Balance Sheet December 31, 20X2 Assets Liabilities and Stockholders' Equity Liabilities Total liabilities Stockholders' equity Total stockholders equity Total assets Total liabilities and stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next