Required information The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Accounts Debit Credits Cash $ 3,950 Accounts Receivable 8,950 Supplies 2,950 Equipment 25,000 Accumulated Depreciation $ 5,800 Accounts Payable 3,800 Utilities Payable Deferred Revenue Common stock 17,500 Retained Earnings Totale 540,850 $40,850 The following is a summary of the transactions for the year. 1. January 24 Provide plumbing services for cash, $14,500, and on account, $59.500. 2. Mareh 13 Collect on accounts receivable, 547,500. 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 May salaries for the current year, $31.900. 5. September 15 Pay utilities of $4,800 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $7.800. 7. December 30 Pay $1,900 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,800. Plumbing supplies remaining on hand at the end of the year equal $1.200. Of the $7,800 paid in advance by customers, 55,900 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7100. 8-a. Prepare an income statement for the year ended December 31, 2021. MacBook Pro Q @ # $ 4 & 7 C 9 2 3 5 6 8 0 W E R T Y 0 S D F G H J Accrued utilities at year-end amounted to /IVU. 8-a. Prepare an income statement for the year ended December 31, 2021. PIPERS PLUMBING Income Statement For the Year Ended December 31, 2021 Expenses: Total expenses 8-b. Prepare a classified balance sheet for the year ended December 31, 2021. (Amounts to be minus sign.) PIPERS PLUMBING Balance Sheet Danmar 14 9094