Problem 4-03A a-d (Part Level Submission) (Video) The completed financial statement columns of the worksheet for Cullumber Company are sh Cullumber Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account No. Dr. Cr. Cr. Dr. 8,700 10,600 2,700 23,600 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 4,600 8,800 2,400 19,700 12,400 60,500 1,500 " 2,900 1,700 30,400 1,400 38,000 22,500 60,500 58,000 35,500 22.500 58.000 60.500 58.000 (ai) Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign pre CULLUMBER COMPANY Income Statement For the Year Ended December 31, 20207 Revenues Revenues Service Revenue UNK TO TEXT LINK TO TEXT LINK TO TEDET 40A IPA (b) Prepare the closing entries. L. Cullumber did not make any additional investments during the year (Credit account titles are automatically Date Account Titles and Explanation Dec. 31 St (Te close revenue account) Dec. (To cose expenses (To cewe net income (los) Dec. 31 Chick you would like to show Work for this question SHOW LIST OP ACCOUNTS LINT TEXT LINK TO TEXT LINK TO TEXT