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, 20Y5, the end of the fiscal year: Light-It-Up Company End-of-Period Spreadsheet For the Year Ended August 31, 20Y5 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 10,400 10,400 Accounts Receivable 39,300 9,200 48,500 Prepaid Insurance 4,400 3,150 1,250 Supplies 2,700 2,180 520 Land 98,000 98,000 Building 423,000 423,000 Accumulated Depreciation-Building 205,300 14,000 219,300 Equipment 107,000 107,000 Accumulated Depreciation-Equipment 85,100 4,800 89,900 Accounts Payable 15,800 15,800 Salaries and Wages Payable 4,000 4,000 Unearned Rent 2,400 1,600 800 Common Stock 80,000 80,000 Retained Earnings 151,440 151,440 Dividends 10,000 10,000 Fees Earned 363,400 9,200 372,600 Rent Revenue 1,600 1,600 Salaries and Wages Expense 158,800 4,000 162,800 Advertising Expense 21,500 21,500 Utilities Expense 15,300 15,300 Depreciation Expense-Building 14,000 14,000 Repairs Expense 8,900 8,900 Depreciation Expense-Equipment 4,800 4,800 Insurance Expense 3,150 3,150 Supplies Expense 2,180 2,180 Miscellaneous Expense 4,140 4,140 903,440 903,440 38,930 38,930 935,440 935,440 Required: 1. Prepare an income statement for the year ended August 31, 20Y5. 2. Pr