Project: G101 Financial Accounting Group number and names: Instructions: Prepare an income statement, a statement of stockholder's equity, and a balance sheet Journalize and post the closing entry Prepare a post-closing trail balance Jellden \& Jax Corp. Income Statement For the Month Ended December 31, 2020 Revenues: Expenses: Total expenses Net income Jellden \& Jax Corp. Statement of Stockholders' Equity For the Month Ended December 31, 2020 Balances, December 1, 2020 Issued common stock Net income Dividends Balances, December 31, 2020 Balance Sheet December, 2020 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities $ Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{|lcc|} \hline & Jellden \& Jax Corp. \\ & Post-Closing Trial Balance \\ December 31, 20Y2 & Debit & Balances \\ & & Balances \\ Cash & Acct. No. & 11 \\ Accounts Receivable & 12 \\ Supplies & 14 \\ Prepaid Rent & 15 \\ Prepaid Insurance & 16 \\ Office Equipment & 18 \\ Accumulated Depreciation & 19 \\ Accounts Payable & 21 \\ Salaries Payable & 22 \end{tabular}