Required Information Exercise 3-21B Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1. Year 1, the general ledger of a company includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,300 6,700 4,6ee 65,8ee $ 4,780 89,000 16,900 $191,600 $191,600 During Year 1. the following transactions occur. January 2 Purchase rental space for one year in advance, $19,500 ($875/month). January 9 Purchase additional supplies on account, $5,eee. January 13 Provide services to customers on account, $27,eee. January 17 Receive cash in advance from customers for services to be provided in the future, $5,200. January 20 Pay cash for salaries, $13,08e. January 22 Receive cash on accounts receivable, $25,680. January 29 Pay cash on accounts payable, $5,588. Exercise 3-21B Part 4 4. Prepare an income statement for the period ended January 31, Year 1. Income Statement For the year ended January 31, Year 1 Revenues: Service Revenue Expenses: Rent Expense Salaries Expense Total Expenses