(i need it typed please)

Financial Statements and Closing Entries Outdoors, Inc. publishes magazines for skiers and hikers. The firm has the following adjusted trial balance at December 31.

OUTDOORS, INC. Adjusted Trial Balance December 31
	Debit		Credit
Cash	$7,560
Accounts Receivable	26,040
Supplies	5,880
Prepaid Insurance	1,302
Office Equipment	92,400
Accum. Depr. - Equipment			$18,200
Accounts Payable			16,940
Unearned Subscription Revenue			14,000
Salaries Payable			4,900
Common Stock			35,000
Retained Earnings			32,508
Subscription Revenue			263,620
Advertising Revenue			69,580
Salaries Expense	168,322
Printing and Mailing Expense	119,840
Rent Expense	12,320
Supplies Expense	8,540
Insurance Expense	2,604
Depreciation Expense	7,700
Income Tax Expense	2,240
Totals	$454,748		$454,748

Required a. Prepare an income statement and a balance sheet as of December 31. b. Prepare closing entries directly to Retained Earnings in general journal form.

a.

	OUTDOORS, INC. Income Statement For Year Ended December 31
	Revenue
	Subscription Revenue	$_____?
	Advertising Revenue	______?
	Total Revenue			______?
	Expenses
	Salaries Expense	______?
	Printing and Mailing Expense	_____?
	Rent Expense	______?
	Supplies Expense	_____?
	Insurance Expense	_____?
	Depreciation Expense	_____?
	Income Tax Expense	_____?
	Total Expenses			______?
	Net Income			$_____?

OUTDOORS, INC. Balance Sheet December 31
Assets			Liabilities
Cash		$______?	Accounts Payable	$______?
Accounts Receivable		________?	Unearned Subscription Revenue	________?
Supplies		_______?	Salaries Payable	_______?
Prepaid Insurance		_______?	Total Liabilities	________?
Office Equipment	_______?
Less: Accum. Depr. - Equipment (enter as a negative)	______?	______?	Stockholders' Equity
			Common Stock	______?
			Retained Earnings	______?
			Total Stockholders' Equity	_______?
Total ______?		$Answer	Total Liabilities and Stockholders' Equity	$_______?

b.

	General Journal
Date		Description	Debit	Credit
Dec	31		$______?	$_____?
		Advertising Revenue	_______?	______?
			_______?	______?
		To close the Revenue account.
	31		_____?	____?
		Salaries Expense	_____?	_____?
		Printing and Mailing Expense	______?	_____?
		Rent Expense	_____?	_____?
		Supplies Expense	_____?	______?
		Insurance Expense	_____?	_____?
		Depreciation Expense	_____?	_____?
		Income Tax Expense	_____?	______?
		To close the expense accounts.