Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5. 3-6, 3-7) [The following information applies to the questions displayed below] The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances The following is a summary of the transactions for the year. 1. January 24 Provide plumbing services for cash, $19,500, and on account, 564 , 500. 2. March 13 Collect on accounts receivable, $52,500. 3. May 6 Issue shares of common stock in exchange for $19,000 cash. 4. June 30 Pay salarles for the current year, $32,900. 5. September 15 Pay utilities of $6,800 from 2929 (prior year). 6. Novenber 24 Receive cash in advance fron custoners, 39,800. 7. Decenber 36 Pay $2,969 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $7.800. Plumbing supplies remaining on hand at the end of the year equal $1,000, Of the $9,800 paid in advance by customers, $6,900 of the work has been completed by the end of the year. Accrued utities at year-end amounted to $6,100 9. Record closing entries. (If no entry is required for o particular transaction/event, select "No Journal Entry Required" in the first account field) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits 8-a. Prepare an income statement for the year ended December 31, 2021 8-b. Prepare a classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by o minus sign.) Problem 3-8B Part 8 8-a. Prepare an income statement for the year ended December 31, 2021 8-b. Prepare a classified balance sheet for the year ended December 31, 2021 . (Amounts to be deducted should be indicated by a minus sign.) 9. Record closing entries. (If no entry is required for a porticulor tronsoction/event, select "No Journal Entry Required" in the first scount field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: tinter debits belore credits. 1., 3., 6&10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. \begin{tabular}{|l|l|l|l|} \hline & & \multicolumn{2}{|c|}{ Supplies } \\ \hline Beg Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline End Bal & & & \\ \hline & & & \\ \hline & Acend & \\ \hline \end{tabular} 11. Prepare a post-closing trial balance