Question 16 1 pts P4-5A. What is the amount of net income for Fleming Company for the year ended December 31, 2022? $23,200 $20,200 $25,600 $22,100 Question 17 1 pts P4-4A. What is the amount of total assets for Jarmuz Management Services as of December 31, 2022? $290,900 $320,600 $280,800 $310,500 g the Accounting Cycle P4.5A (LO 2, 4), AP The completed financial statement columns of the spreadsheet for Fleming Company are as follows. Fleming Company For the Year Ended December 31, 2022 Balance Sheet Cr. Dr. 8,900 10.800 2,800 24,000 4.500 9,000 2,400 12,000 7,500 11.000 Account Income Statement No. Account Titles Dr. Cr. 101 Cash 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings 332 Dividends 400 Service Revenue 60,000 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 3.100 722 Insurance Expense 1.800 726 Salaries and Wages Expense 30,000 732 Utilities Expense 1,400 35.400 Totals 37,900 60,000 57,500 Net Income 22,100 22.100 60.000 60,000 57,500 57.500 Instructions a. Prepare an income statement, a retained earnings statement, and a classified balance sheet. b. Prepare the closing entries. c. Post the closing entries and underline and balance the accounts. (Use T-accounts.) Income Sum- mary is account No. 350. d. Prepare a post-closing trial balance. the worksheet at the end of 2022 are as follows. Jarmuz Management Services Worksheet For the Year Ended December 31, 2022 Trial Balance Dr. Cr. Adjusted Trial Balance Dr. Cr. 13,800 28,300 3,600 67,000 127,000 59,000 13,800 28,300 2,400 67,000 127.000 59,000 12.500 6,000 120,000 90,000 54,000 12,500 1,500 120,000 90,000 54.000 22,000 22,000 Account Titles Cash Accounts Receivable Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Notes Payable Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Advertising Expense Utilities Expense Totals Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation --Equipment Interest Expense Interest Payable Totals 90,700 29,000 90,700 33,500 42,000 20,500 19.000 402.200 42,000 20.500 19,000 402,200 1.200 5.600 3,000 3.600 10.000 10.000 418,800 418.800 Instructions a. Prepare a classified balance sheet. (Note: $30,000 of the notes payable is due for payment next year.) b. Journalize the adjusting entries. c. Journalize the closing entries. d. Prepare a post-closing trial balance