Post-closing On January 1, 2021, Red Flash Photography had the following balances; Cash, $23,000; Supplies, $9,100; Land, $71,000; Deferred Revenue, $6,100; Common Stock $61,000; and Retained Earnings, $36,000. During 2021, the company had the following transactions 1. February 15 Issue additional shares of cormon stock, $31,000. 2. May 20 Provide services to customers for cash, $46,000, and on account, $41,000. 3. August 31 pay salaries to employees for work in 2021,$34,000. 4. October 1 Paid for one year's rent in advance, $23,000. 5. Novenber 17 Purchase supplies on account, $33,000. 6. Decesber 30 Pay dividends, $3,100. The following information is avaliable on December 31, 2021: 1. Employees are owed an additional $5,100 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,100 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. RED FLASH PHOTOGRAPHY Balance Sheet As of December 31, 2021 Post-closing Dates: Jan 01 Income Statement Balance Sheet