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Financial Statements and Closing Entries Outdoors, Inc.publishes magazines for skiers and hikers. The fem has the following adjusted trial balance at December 31, OUTDOORS, INC Adjusted Trial Balance December 31 Debit Credit Cash 7.560 MOVS Feceivable 2640 Supplies 5.380 Prepaid insurance 1.103 Office Equipment 92.400 com Depromene $1.200 Accounts Payable 16.040 Unearned Subscription Revenge 14,000 nes Payable 000 Common to 35.000 Retained Ering 32.50 Subscription levehe 263520 Advertising Revenue 69.580 Solares pense 160322 Printing and Mainter 140 Rent en 12.220 Supplies Expert 2540 Insurance pense 2.604 Deprecation fupere 7,700 Income Tax Expert 2240 Tutals $454743144145 O OUTDOORS, INC. Income Statement For Year Ended December 31 Revenue Subscription Revenue $ 0 Advertising Revenge Total Revenue Expenses Salaries Expense 0 Printing and Mailing Expense 0 Rent Expense Supplies Expene 0 Insurance Expense 0 Depreciation Expense 0 Income Tax Expense 0 Total Expenses D 5 Net Income Please answer all parts of the question 0 0 Income Statement your swers, unless otherwise noted (such as Accumulated Depreciation Equipment), Balance Sheet Journal Entries OUTDOORS, INC. Balance Sheet December 31 5 $ 0 Assets Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Less: Accum. Depr. Equipment (enter as a negative) Liabilities 0 Accounts Payable D Unearned Subscription Revenue 0 Salaries Payable 0 Total Liabilities 0 o 0 0 0 o Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equity 0 Total abilities and Stockholders' Equity 5 OOOO TOLM Assets Please answer all parts of the question