I need the Adjustments, Income statements, and Balance sheet.

These are the transactions and journal entry for them with the adj entery Dinah Soars, Biff Wellington and Duane Pipe are the sto Incorporated. The charter of the corporation authorized common stock, and 100,000 shares of $30 par, 3%, preferred su 1, 2018, there were 25,000 shares of comme were 25,000 shares of common stock issued and outstanding and 4,000 shares of preferred stock issued and outstanding. ad Duane Pipe are the stockholders of Sharpe I the corporation authorized 500,000 shares of $5 par shares of $30 par, 3%, preferred stock. As of January cted transactions completed by Sharpe Incorporated during the fiscal year- ending December 31, 2018, are as follows: Jan 1 Issued 13,000 shares of $5 par common stock at $19, receiving cash. Jan 1 Issued 6,700 shares of $30 par, 3%, preferred stock at $69 for cash. Feb 1 Purchased equipment for $220,000, paying $20,000 cash and financing the remainder with a 180-day, 5% note payable. Mar 15 Purchased land for $352,000 by issuing 18,000 shares of common stock. Mar 31 Purchased a two-year insurance policy for $39,000. May 1 Purchased 1,600 shares of the company's own common stock at $23 per share. May 31 Issued $1,000,000 of 8-year, 7% bonds with interest payable semiannually. The amount of cash received was $1,087,936. July 30 Paid the amount due on the note payable signed on February 1. Aug 1 Sold 500 shares of treasury common stock purchased on May 1 for $26 per share. Sept 15 Declared a 2% stock dividend on common stock to be distributed on September 30 to stockholders of record on September 20. The market price per share on September 15 is $26 per share. Sept 30 Distributed the stock dividend declared September 15. Oct 1 Borrowed $36,000 from Second Bank by issuing an 7% note. The note is to be repaid in quarterly payments of principal plus interest totaling $2,130 per quarter. Oct 16 Sold 370 shares of treasury common stock purchased on May 1 for $20 per share. Nov 30 Paid the semiannual interest and amortized the premium on the bonds issued on May 31. Dec 1 Declared a cash dividend at the stated amount to preferred stockholders and .50 per share to common stockholders payable on December 30 to stockholder's of record on December 16. (Hint: don't forget the shares distributed from the stock dividend) Dec 30 Paid the cash dividends declared on December 1. Dec 31 Paid the first quarterly installment of the note issued on October 1. Dec 31 Record revenue for the year of $1,975,000, received $500,000 in cash, the remainder is on account. Dec 31 Record expenses for the year, paid in cash (one compound entry): Rent Utilities Salaries Advertising Medical insurance Commissions Legal and accounting Miscellaneous $170,000 13,200 760,000 140,000 32,000 63,000 18,000 8,400 Adjusting Entries (1) The employees' accrued vacation pay at the end of the year was $12,482. (2) Record depreciation on the equipment purchased on February 1, using the straight-line method. The equipment has an estimated 9-year useful life and an estimated residual value of $11,020. (3) Record insurance expired on the policy purchased March 31. (4) Record the adjusting entry for the interest accrued and the amortization of the premium on the bonds payable since the last interest payment. (round the amount to the nearest dollar) General Journal DESCRIPTION 2018 PR DEPUT Jon Pipe are the stockholder er of the corporation authorized 1 Cash Common Stock PIC-CS 247000- 65000- 182000- Cash Preferred Stock 462300- PIC-PS 201000- 201300- Feb 1 Equipment Cash Note Payable 220000- 20000- 200000- on stock and 14 Mar 15 Land Common Stock PIC-CS 352000- 90000- 262000- 31 Prepaid insurance Cash 139000- 39000- Maul 1 Treasury Stock Cash 36800- sceco- 1087926- 31 Cash Bonds Payable Bond Premium loooo- B79300- Jul 30 Note Payable Interest expense Cash 200000- 500O- 205OOO- 31 1300- 32 Aug 1 Cash Treasury Stock PIC - Treasury STOCK 11OO- 28548- 36 Sep 15 Betained Earnings Stock Div. Distributable PIC - common stock 5490- 23 093- 39 5490- 30 Stock Div. Distributable Common STOCK 5490- Page 1 General Journal DATE DESCRIPTION Oct 1 Cash Notes Poyatole PR DERIT 36000- 30000 16 Cash PIC - Treasury Stock Treasury STOCK 7400- TO- 3510- NOV 30 terest Expense 35OOO- Cash 350OO- 20 Bond Premium Interest Expense Shao- Syao- 14 Dec 1 Betooed Earnings Common Div. Payable Preferred Oly. Poyable 37314- 28184- 9620 - 20 Common Div. Payable Preferred div. Payable Cash 20184- 9630- 37014- |--------21:15 21:12 9 9 21 8 5 5 8 318185 | 8 | | 8 15 8 21 31 31 8 | 98 | 2017 131 Notes Payable interest Expense Cash GOO- 630- P120- 31Cash ACCOUNTS Beceivable Fees Earned 500000- 1475000 - 1075000- 131 Bent Utilities Salaries Advertising Medical Insurance Commissions Legal and Accounting Miscellaneous Cash 170000- 12200- 760000- 140000- 32000- 3000- 2000- 8400- 1204600- Page 2 General Journal DATE PR DEBIT CREDIT DESCRIPTION Adjusting Entries |() Vacation Pay Expense Vacation Pay Payable 12482- 24O2- 21285- (2) Depreciation Expense Accumulated pep recl. 21285 14625- (3) insurance Expense Prepaid Insurance 14625- 5823- (4) Interest Expense Interest Payable 5933- ak- Bond Premium Interest Expense Olo- This is the t-chart, trial balance and adj, trial balance. T-Accounts\Ledger For the year ended December 31, 2018 Vacation Pay Payable 12,482 Retained Earnings 28,548 90,000 37,814 Legal & Accg Expense 18,000 Common Stock 125,000 65,000 90,000 5,490 12,482 Cash 335,000 247,000 462,300 1,087,936 13,000 36,000 7,400 500,000 18,000 23,638 20,000 39,000 36,800 205,000 35,000 37,814 2,130 1,204,600 Interest Payable Medical Ins. Expense 32,000 5,833 285,490 Treasury Stock 36,800 11,500 8,510 5,833 32,000 PIC - Common Stock 182,000 262,000 23,058 16,790 Notes Payable 200,000 200,000 1,500 36,000 Miscellaneous Expense 8,400 1,108,292 FEHEHE JPPFPPE Fees Earned 1.975,000 467,058 8,400 34,500 Accounts Receivable 1,475,000 1,975.000 Rent Expense 170,000 Common Dividend Payable Preferred Stock 120,000 201,000 321,000 1,475,000 Advertising Expense 140,000 170,000 140,000 Prepaid Insurance 39,000 14,625 PIC - Preferred Stock 261,300 Salary Expense 760,000 Preferred Dividend Payable 9,630 9,630 Commission Expense 63,000 24,375 | 261,300 760,000 63,000 Land 352,000 PIC. Treasury Stock 1,110 1,500 Utilities Expense 13,200 Bonds Payable 1,000,000 Depreciation Expense 21,285 352,000 390 13,200 1,000,000 21,285 Stock Div. Distributable 5,490 5,490 Vacation Pay Expense 12,482 Equipment 220,000 Bond Premium 5,496 9161 87.936 Insurance Expense 14,625 12,482 220,000 81,524 14,625 Accum. Depreciation 21,285 Interest Expense 5.000 5.496 35,000 916 630 5,833 21,285 40,051 Sharpe Incorporated Trial Balance December 31, 2018 Credit Debit 1,108,292 1,475,000 39,000 352,000 220,000 34,500 Account Name Cash Accounts Receivable Prepaid Insurance Land Equipment Notes Payable Common Dividend Payable Preferred Dividend Payable Bonds Payable Bonds Premium Common Stock PIC- Common Stock Preferred Stock PIC-Preferred Stock PIC-Treasury Stock Stock Div. Distributable Retained Earnings Treasury Stock Fees Earned Advertisting Expense Commission Expense Legal & Accounting Expense Medical Insurance Expense Miscellaneous Expense Rent Expense Salary Expense Utilities Expense Interest Expense 1,000,000 82.4401 285,490 467,058 321,000 261,300 390 23,638 16,790 1,975,000 140,000 63,000 18,000 32,000 8,400 170,000 760,000 13,200 35,134 4,450,816 4,450,816 Sharpe Incorporated Adjusted Trial Balance December 31, 2018 Credit Debit 1,108,292 1,475,000 24,375 352,000 220,000 21,285 12,482 5,833 34,500 Account Name Cash Accounts Receivable Prepaid Insurance Land Equipment Accumulated Depreciation Vacation Pay Payable Interest Payable Notes Payable Common Dividends Payable Preferred Dividends Payable Bonds Payable Bond Premium Common Stock PIC in Excess of Par - Common Stock Preferred Stock PIC in Excess of Par - Preferred Stock PIC - Treasury Stock Stock Dividend Distributable Retained Earnings Treasury Stock Fees Earned Advertising Expense Commissions Expense Depreciation Expense Insurance Expense Legal & Accounting Expense Medical Insurance Expense Miscellaneous Expense Rent Expense Salary Expense Utilities Expense Vacation Pay Expense Interest Expense 1,000,000 81,524 285,490 467,058 321,000 261,300 3901 23,638 16,790 1,975,000 140,000 63,000 21,285 14,625 18,000 32,000 8,400 170,000 760,000 13,200 12,482 40,051 4,489,500 4,489,500 TOP Incorporated Worksheet For the year ended December 31, 2018 Adjustments Adjusted Trial Bal. Debit Credit Debit Credit Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit 1 Account Cash Accounts Receivable Prepaid Insurance Land Equipment Accumulated Depreciation Vacation Pay Payable Interest Payable Notes Payable Common Dividends Payable Preferred Dividends Payable Bonds Payable Bond Premium Common Stock PIC in Excess of Par - Common Stock Preferred Stock PIC in Excess of Par - Preferred Stock PIC - Treasury Stock Stock Dividend Distributable Retained Earnings Treasury Stock Fees Eamed Advertising Expense Commissions Expense Depreciation Expense Insurance Expense Legal & Accounting Expense Medical Insurance Expense Miscellaneous Expense Rent Expense Salary Expense Utilities Expense Vacation Pay Expense Interest Expense Net Income Totals