Lamp Light Company maintains and repairs warring lights, such as those found on radio towers and lighthouses Lamp Light Company prepared the following end of penod spreadsheet at December 31, 2018, the end of the focal Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr CE Dr. Dr Cr 10 800.00 10.800.00 Accounts Receivable 38.900.00 (a) 11,300.00 50 200.00 Prepaid insurance 4,200.00 (b) 3,000.00 1.200.00 Supplies 2,730.00 (2.250,00 480.00 Land 90.000.00 89,000.00 MY WORK Instructors Land 98.000.00 93,000 00 Buiding 400,000 00 400,000.00 Accumulated Depreciation Building 205,300.00 (d) 10,100.00 215 400.00 Equipment 101.000.00 10100000 Accumulated Depreciation Equipment 85,100 00 (e) 6.680.00 91,780.00 Accounts Payabile 15,700.00 15,700.00 Salaries and Wages Payable (4 900.00 4,800.00 Uneatid Rent 2,100.00 (9) 1,300.00 300 00 Common Stock 75,000.00 75,000.00 Retained Eamongs 128,100.00 128,100.00 Dividends 10.00000 10,000 00 Fees El med 383,700.00 (a) 11,300.00 375,000.00 Rent Revenue (0) 1.300.00 1300.00 co My Work Instructions Dividends 10,000.00 10,000.00 363,700.00 (a) 11,300.00 375,000.00 Fees Eamed (9) 1,300.00 1,300.00 Rent Revenue Salanes and Wages Expense 163,100.00 168,000.00 (1) 4,900.00 21,700.00 21,700.00 Advertising Expense 11,400.00 11,40000 Utilities Expense Depreciation Expense-Building (d) 10,100.00 10,100.00 Repairs Expense 8,850.00 8,850.00 (e) 6,680 00 6,680.00 Depreciation Expense Equipment Insurance Expense Supplies Expense (b) 3,000.00 3,000.00 (c) 2,250,00 2,250,00 Miscellaneous Expense 4,320.00 4,320.00 875,000.00 875,000.00 39,530.00 39,530.00 907 980.00 907.980.00 neck My Work Required: 1 Prepare an income statement for the year ended December 31, 2018. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons() on the income statement. 2. Prepare a refained eamings statement for the year ended December 31, 2018 If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries Refer to the Chart of Accounts for exact wording of account titles 3 Prepare a balance sheet as of December 31, 2018. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign 4 Based upon the end of period spreadsheet, joumalize the closing entries Refer to the Chart of Accounts for exact wording of account titles 5. Prepare a post-closing trial balance Income Statement Pure an income statement for the year ended December 31, 2018 if a nettons has been married, enter that amount as a negative number nga muss Be sure to complete the statement heading the rest of Label and Amount Descriptions for the correct wording of extrems other than accountants You will not need to enter colons on the income water Lamp Light Company Income Statement (Label be 2. Prepare a retreaming statement for the year ended December 31, 2018 amet loss is incurred or dividendes were paid, enter that amount as a negative number using a minus sign Be sure to complete the statement heading her to the list of Label and Amount Descnptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of accounts Lamplight Company Retained Emings Statement bod 3 Prewebe sheets of December 2018 Ford must be entered in order according to account number Be sure to complete the statement heading Refer to the list of Labels and Amount Destions for the wing of the choices for test entries Refer to the Chart of Accounts for exact wording of accounts. For those bores which you must enter bhached or gave us a messo Lamp Light Company Balance Shed Instructions Chart of Accounts Balance Sheet Journal Based upon the end of period spreadsheet joumalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL MCOIN FOLIATION ASSETS LIABILITIES EQUITY POSL REF DEBIT CREDIT DATE DESCRIPTION Closing Entries My Work Save and FX 5. Prepare a post-closing trial balance Lamp Light Company POST-CLOSING TRIAL BALANCE December 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land Post-Closing Trial Balance 5 Land 6 Building Accumulated Depreciation Building & Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable 11. Salaries and Wages Payable 12 Uneamed Rent 13 Common Stock 14 Retained Earnings 15 Totals Accounts CHART OF ACCOUNTS Lamp Light Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance ho EXPENSES 14 Supplies 15 Land 51 Salaries and Wages Expense 52 Advertising Expense 53 Utilities Expense 16 Building 17 Accumulated Depreciation-Building 54 Depreciation Expense-Building 18 Equipment actions of Accounts 18 Equipment 19 Accumulated Depreciation-Equipment 54 Depreciation Expense-Building 55 Repairs Expense 56 Depreciation Expense-Equipment LIABILITIES 21 Accounts Payable 22 Salanes and Wages Payable 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense 23 Unearned Rent EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Labels and Amount Descriptions Labels Current assets Current liabilities December 31, 2018 Expenses For the Year Ended December 31, 2018 Property, plant, and equipment Revenues Amount Descriptions Book value-building Book value-equipment Change in retained earnings Net income Net loss Chart of Accounts Labels and Amount Descriptions VILLACUICUM Net income Net loss Retained earnings, December 31, 2018 Retained earnings, January 1, 2018 Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total revenues Total stockholders equity Charl M