Need help with both questions.

3. Joseph has a Note Payable at year end in the total amount of $30,000. Assume he pays $600 as a monthly payment and there is no interest expense on the Note. Show ONLY the Liability Section for Joseph at his year end of 12.31.18. Jeremiah's Company has the following balances at year end and needs your help to journalize his year end "closing" entries? Required: 1. Write out the closing entries. You can use the book method or the method we discussed in class. Your choice. 2. Post the closing entries into the t-accounts. 3. To receive full credit, each t-account must have a ending balance. 4. Prepare the Income Statement in a "multi-step" format. Format counts on this statement so label every number. 5. Prepare the Statement of Retained Earnings. Format counts on this statement as well. Year ended December 31, 2019 Cash 34,000 Accounts Receivable 4,000 Supplies 8,000 Prepaid Insurance 2,700 Vehicles 58,000 Accounts Payable 4,100 Retained Earnings, Beg. 91,200 Common Stock 11,100 Sales 128,000 Cost of Goods Sold 65,000 Wages Expense 41,400 Supplies Expense 4,300 Insurance Expense 11,000 Dividends 6,000 234400 234400