Light-1-Up Company mantains and repairs waming lights, such as those found on rodio towers and lighthouses. Light-1t-Up Company preparod the following end-of-period spreadsheot at August 31, 20Y5, the end of the fiscal year Required: 1. Prepare an income statement for the year ended August 31, 20 Y 5 . 2. Prepare a statement of stockholders' equity for the year ended August 31, 20Y5. During the year, common stock of $25,000 was issued. 3. Prepare a balance sheet as of August 31,20y, 4. Based upon the end-of-period spreadsheot, joumalize the closing entries. 5. Propare a post-ciosing trial balance. Current assets Current liabilities August 31, 20Y5 Expenses For the Year Ended August 31, 20 Y5 Property, plant, and equipment Revenues Amount Descriptions Book value-building Book value-equipment Balances, August 31, 20Y5 Balances, September 1, 20Y4 Issued common stock Dividends Net income Net loss Total assets Total current assets Total expenses Book value-building Book value-equipment Balances, August 31, 20 Y5 Balances, September 1, 20Y4 Issued common stock Dividends Net income Net loss Total assets Total current assets Total expenses Total liabilities Totak liabilities and stockholders' equity Total property, plant, and equipment Total revenues Total stockholders' equity Income Statement Instructions 2. Progare a statement of stock holders 'equity for the year ended August 31, 20V5, Duning the yeat, common stock of $26,000 was fasued. 3. Propare a bultence sheet as or August 31,20Vg Balunce Sheet insiructions 4. Bssed upon the end-ot-period spreadsheet, joumalize the closing entries. POST-CLOSING TRIAL BALANCE