Light $-$it$-$Up Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Light$-$it$-$up Company prepared the following end$-$of$-$period spreadsheet at August $31,20$Y$5,$the end of the fiscal year: Light $-$It$-$Up Company End$-$of$-$Period Spreadsheet For the Year Ended August $31,2015$ Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr$.$ Cr$.$ Dr$.$ Cr$.$ Dr$.$ Cr$.$ Cash $10,200\mathrm{.}0010,200\mathrm{.}00$ Accounts Receivable $38,200\mathrm{.}00($a$)9200\mathrm{.}0047,400\mathrm{.}00$ Prepaid Insurance $4,000\mathrm{.}00($b$)3,250\mathrm{.}00750\mathrm{.}00$ Supplies $2,760\mathrm{.}00($c$)2,180\mathrm{.}00580\mathrm{.}00$ Land $98,000\mathrm{.}0098,000\mathrm{.}00$ Building $406,000\mathrm{.}00406,000\mathrm{.}00$ Accumulated Depreciation$-$Building $205,300\mathrm{.}00($d$)12,000\mathrm{.}00217,300\mathrm{.}00$ Equipment $104,000\mathrm{.}00104,000\mathrm{.}00$ Accumulated Depreciation$-$Equipment $85,100\mathrm{.}00($e$)4,600\mathrm{.}0089,700\mathrm{.}00$ Accounts Payable $15,800\mathrm{.}0015,800\mathrm{.}00$ Salaries and Wages Payable $($f$)5,000\mathrm{.}005,000\mathrm{.}00$ Unearned Rent $2,500\mathrm{.}00($g$)1,700\mathrm{.}00800\mathrm{.}00$ Effie Jackson,Capital $209,530209,530$ Effie Jackson,Drawing $10,000\mathrm{.}0010,000\mathrm{.}00$ Fees earned $363,600\mathrm{.}009,200\mathrm{.}00372,800\mathrm{.}00$ Rent Revenue $($g$)1,700\mathrm{.}001,700\mathrm{.}00$ Salaries and Wages Expense $159,000\mathrm{.}00($f$)5,000\mathrm{.}00164,000\mathrm{.}00$ Advertising Expense $21,200\mathrm{.}0021,200\mathrm{.}00$ Utilities Expense $15,600\mathrm{.}0015,600\mathrm{.}00$ Depreciation Expense$-$Building $($d$)12,000\mathrm{.}0012,000\mathrm{.}00$ Repairs Expense $8,850\mathrm{.}008,850\mathrm{.}00$ Depreciation Expense$-$Equipment $($e$)4,600\mathrm{.}004,600\mathrm{.}00$ Insurance Expense $($b$)3,250\mathrm{.}003,250\mathrm{.}00$ Supplies Expense $($c$)2,180\mathrm{.}002,180\mathrm{.}00$ Miscellaneous Expense $4,020\mathrm{.}004,020\mathrm{.}00.881,830\mathrm{.}00881,830\mathrm{.}0037,930\mathrm{.}0037,930\mathrm{.}00912,630\mathrm{.}00912,630\mathrm{.}00$ Required: $1.$ Prepare an income statement for the year ended on August $31,2015.$ 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 retained earnings statement for the year ended August $31,2015.$ 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 August $31,2015$ 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, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. $5.$ Prepare a post$-$closing trial balance.?