Please show work as it helps me better understand! Thank you!! (The entire worksheet goes together, thus why it was not posted separately, there would be missing information!!)

1. This problem is designed to give you a brief review of Worksheet. Complete the worksheet. You are required to complete the income statement and balance sheet columns. Income Statement DR CR Retained Earnings DR CR Balance Sheet DR CR Adjusted Trial Balance DR CR Cash $ 40,000 Accounts Receivable 50,000 Inventory 20,000 Building 100,000 Accumulated Dep. - Building S 30.000 Accounts Payable 10,000 Accrued Salaries Payable 10,000 Depreciation Expense 10.000 Salaries Expense 10.000 Room Sales Revenue 60,000 Dividends 10,000 Common Stock 60,000 Retained Earnings, beginning 70,000 S 240,000 $ 240.000 Net Income Retained Earnings, ending Total Does this company have a net income or net loss? What is the amount of Net Income? 2. Based on the worksheet above, prepare financial statements. a. Single Step Income Statement The date of preparation of this statement: January 31, 2020 JYP Corporation Income Statement Revenues Total revenue Expenses Total expenses Net Income b. Retained Earnings Statement The date of preparation of this statement: January 31, 2020 JYP Corporation Retained Earnings Statement Retained earnings, previous Less: Dividends Retained earnings, January 31, 2017 c. Balance Sheet The date of preparation of this statement: Jamuary 31, 2020 JYP Corporation Balance Sheet Assets Current asset Total current asset Noncurrent asset Total noncurrent asset Total assets Liabilities & Stockholders' Equity Current liabilities Total current liabilities Total Liabilities Stockholders' equity Total stockholders' equity Total liabilities and equity What is the amount of total current asset? What is the amount of total current liabilities? Calculate Current Ratio What can you infer from the current ratio of JYP Corporation? d. Statement of Cash Flow's What was the amount of net income on the income statement? Followings are account balances of 2020 and 2019 If there is no change, please indicate no change Changes Increase Decrease 15,000 Increase S 2020 40.000 $ 50.000 20.000 10,000 10.000 60.000 100,000 10,000 2019 25.000 70,000 30,000 20,000 Cash Accounts Receivable Inventory Accounts Payable Accrued Salaries Payable Common stock Building Depreciation Expense 50,000 100,000 5,000 Based on above information, let's prepare statement of cash flows. You are required to calculate net cash provided by operating activities The date of preparation of this statement: Jamuary 31, 2020 Use the Net Income from Income Statement on 2.a. JYP Corporation Statement of Cash Flows Cash flows from operating activities Net lincome Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Net cash provided by operating activities What is the amount of net cash provided by operating activities? 3. Closing entries This time, you are required to do the closing entries and post-closing trial balance. Closing Entries Explanation Debit Credit JYP Corporation Post-closing Trial Balance January 31, 2020 DR CR Cash S S