Problem 4-3A The completed financial statement columns of the worksheet for Fleming Company are shown below: FLEMING COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Account No. 101 112 130 8,800 10,800 2,900 24,100 157 201 212 4,400 9,000 2,500 19,300 8,300 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 19,000 59,800 O NO NNN 1,400 3,300 1,800 29,700 1,500 37,700 22,100 59,800 59,800 65,600 43,500 22,100 65,600 59,800 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) FLEMING COMPANY Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare retained earnings statement. (List items that increase retained earnings first.) FLEMING COMPANY Retained Earnings Statement Prepare a classified balance sheet. (List Current Assets in order of liquidity.) FLEMING COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Prepare the closing entries. J. Fleming did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 (To close revenue account.) Dec. 31 (To close expense accounts.) Dec. 31 (To close net income / (loss).) Dec. 31 (To close dividends.) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings No. 320 Dividends No. 332 Income Summary No. 350 Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Salaries and Wages Expense No. 726 Utilities Expense No. 732 Prepare a post-closing trial balance. FLEMING COMPANY Post-Closing Trial Balance Debit Credit Totals