Smoochie Poochies Lad provides a day care and boarding service for dogs. The general ledges account balances in the company's general ledger oon January 1, 2022 (the first day of the new annual fiscal year) were as follows (all account balances are in their normal position) Cash $2,200 Accounts receivable 4,400 Supplies inventory 27,800 Land 167,000 Buildings 115,000 Accumulated depreciation, buildings 36,000 Equipment 57,000 Accumulated depreciation, equipment 16,500 Accounts payable 23,700 Income tax payable 15,100 Interest payable 2,700 Wages payable (due in 2022) 14,200 9% Notes payable (due 2026) 60,000 Common shares 150,000 Retained earnings, Dec. 31, 2021 55,200 Transactions during 2022 1.The company provided sales services on credit to customers for $210,300. In addition, the company generated cash (non-credit) sales to customers of $ 62,300 2.Accounts receivable from customers of $ 15,600 remain to be collected at December 31, 2022. 3.Inventory of $ 62,900 was purchased from suppliers on credit and debited to the supplies inventory account 4.Minor parts were purchased with cash for $7,400 and debited to the supplies inventory account. 5.Wages payable at the beginning of 2022 were paid early in 2022. In addition, wages were earned by employees and paid in cash during 2022 in the amount of $ 112,000. 6.Income tax payable at the beginning of 2022 was paid in cash early in 2022. 7.Payments of $ 73,000 cash were made to creditors in 202w for supplies previously purchased on credit 8.One year's interest at 9% for the 12 months ended June 30, 2022 was paid on the notes payable on July 1,2022. 9. During 2022, Don Odette, the principal shareholder, purchased a new car for his wife Debbie. The new car cost $ 45,000 and was paid for with cash from personal sources. 10.Property taxes were paid on the land and buildings in the amount of $ 17,000 with cash. 11.Dividends were declared and paid in cash in the amount of $ 7,200. 12 Supplies inventory was counted on December 31, 2022 and it was determined the supplies inventory still on hand at yearend was $ 30,400 13. Annual depreciation on the buildings is $ 6,000. 14.Annual deprecation on the equipment is $ 5,500 15 Additional wages of $4,000 were earned by employees but are unpaid and unrecorded at December 31, 2022 16-Interest for six months at 9% per year on the notes payable is unpaid and unrecorded at December 31, 2022 17-Income taxes of $ 16,500 on the company's profit for 2022 were unpaid and unrecorded at December 31, 2020 Required: 1.Record beginning 2022 beginning balances in T accounts. Prepare journal entries for transactions I to 11 above as required and record the journal entries in T accounts while adding any new T accounts that you need as you complete this task 2.Prepare any necessary adjusting journal entries for items 11 to 17 above and record the adjusting journal entries in the T accounts while adding any new T accounts that you need as you complete this task 3. Prepare a unclassified or single step income statement for Smoochie Poochies Ltd. in proper format for the year ended December 31, 2022 from your T accounts. 4. Prepare a statement of retained earnings for Smoochie Poochies Ltd. in proper format for the year ended December 31, 2022 from your T accounts 5.Prepare a classified statement of financial position for Smoochie Poochies Ltd. in proper format as at December 31, 2021 from your T accounts. Smoochie Poochies Ltd. provides a day care and boarding service for dogs. The general ledges account balances in the company's general ledger oon January 1, 2022 (the first day of the new annual fiscal year) were as follows (all account balances are in their normal position): Cash Accounts receivable $ 2,200 4,400 Supplies inventory 27,800 Land 167,000 Buildings 115,000 Accumulated depreciation, buildings 36,000 Equipment 57,000 Accumulated depreciation, equipment 16,500 Accounts payable 23,700 Income tax payable 15,100 Interest payable 2,700 Wages payable (due in 2022) 14,200 9% Notes payable (due 2026) 60,000 Common shares 150,000 Retained earnings, Dec. 31, 2021 55,200 Transactions during 2022: 1.The company provided sales services on credit to customers for $ 210,300. In addition, the company generated cash (non-credit) sales to customers of $ 62,300. 2.Accounts receivable from customers of $ 15,600 remain to be collected at December 31, 2022. 3.Inventory of $ 62,900 was purchased from suppliers on credit and debited to the supplies inventory account. 4.Minor parts were purchased with cash for $ 7,400 and debited to the supplies inventory account. 5.Wages payable at the beginning of 2022 were paid early in 2022. In addition, wages were earned by employees and paid in cash during 2022 in the amount of $ 112,000. 6.Income tax payable at the beginning of 2022 was paid in cash early in 2022. 7.Payments of $73,000 cash were made to creditors in 202w for supplies previously purchased on credit. 8.One year's interest at 9% for the 12 months ended June 30, 2022 was paid on the notes payable on July 1, 2022. 9. During 2022, Don Odette, the principal shareholder, purchased a new car for his wife Debbie. The new car cost $ 45,000 and was paid for with cash from personal sources. 10.Property taxes were paid on the land and buildings in the amount of $ 17,000 with cash. 11.Dividends were declared and paid in caah in the amount of $ 7,200. Information available for year end adjusting entries: 12.Supplies inventory was counted on December 31, 2022 and it was determined the supplies inventory still on hand at yearend was $ 30,400. 13. Annual depreciation on the buildings is $ 6,000. 14.Annual deprecation on the equipment is $ 5,500 15 Additional wages of $4,000 were earned by employees but are unpaid and unrecorded at December 31, 2022. 16 Interest for six months at 9% per year on the notes payable is unpaid and unrecorded at December 31, 2022.. 17-Income taxes of $ 16,500 on the company's profit for 2022 were unpaid and unrecorded at December 31, 2020. Required: 1.Record beginning 2022 beginning balances in T accounts. Prepare journal entries for transactions I to 11 above as required and record the journal entries in T accounts while adding any new T accounts that you need as you complete this task. 2.Prepare any necessary adjusting journal entries fpr items 11 to 17 above and record the adjusting journal entries in the T accounts while adding any new T accounts that you need as you complete this task. 3. Prepare a unclassified or single step income statement for Smoochie Poochies Ltd. in proper format for the year ended December 31, 2022 from your T accounts.. 4.Prepare a statement of retained earnings for Smoochie Poochies Ltd. in proper format for the year ended December 31, 2022 from your T accounts. 5.Prepare a classified statement of financial position for Smoochie Poochies Ltd. in proper format as at December 31, 2021 from your T accounts