P13-4B. From the following ledger balances and additional data on page 605, do the fol- lowing for Callahan Lumber of Hinton: a. Prepare the worksheet. b. Prepare the income statement, statement of owner's equity, and balance sheet. c. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.) d. Prepare a post-closing trial balance. e. Journalize the reversing entry for wages. Account No. 110 Cash $ 1,140 111 Accounts Receivable 1,270 112 Merchandise Inventory 5,600 113 Lumber Supplies 260 114 Prepaid Insurance 117 121 Lumber Equipment 2,600 122 Accumulated Depreciation, Lumber Equipment 340 220 Accounts Payable 1,330 221 Accrued Wages 330 J. Callahan, Capital 7,562 331 J. Callahan, Withdrawals 3,500 332 Income Summary 440 Sales 23,000 441 Sales Returns and Allowances 400 550 Cost of Goods Sold 13,715 Additional Data (for Problem P13-4B) Wages Expense Advertising Expense Rent Expense Depreciation Expense, Lumber Equipment Lumber Supplies Expense Insurance Expense 660 661 662 663 664 665 2,390 400 840 - Additional Data $ 4,700 80 70 460 a. Physical count of inventory, December 31 b. Lumber supplies on hand, December 31 c. Insurance expired d. Depreciation for the year e. Accrued wages on December 31 165 e. Comprehensive problem: preparing the worksheet; preparing financial reports, journalizing and posting adjusting and closing entries; preparing a post-closing trial balance; journalizing reversing entry 0 2 3 4 (150 min) Sante glalatos ahojet Isionsnil gainst bns gnituiba gasilskoj zaiting gnile Check Figure Net Income $3,480