Sutton Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as at the end of the companys fiscal year, December 31, 2017:

Account Titles	Debit				Credit
Cash	$	22,900
Accounts receivable		8,900
Service supplies inventory		1,750
Prepaid insurance		1,350
Service trucks		35,100
Accumulated depreciation, service trucks					$	15,600
Other assets		6,000
Accounts payable						3,850
Note payable (three years; 10% each December 31)						8,600
Contributed capital (4,900 shares outstanding)						16,700
Retained earnings						10,750
Service revenue						52,500
Other expenses, excluding income tax		32,000
Totals	$	108,000			$	108,000

Data not yet recorded at December 31, 2017, were as follows:
a.	Supplies inventory on December 31, 2017, reflecting $690 remaining on hand.
b.	Insurance expired during 2017, $540.
c.	Depreciation expense for 2017, $3,900.
d.	Wages earned by employees not yet paid on December 31, 2017, $1,550.
e.	Income tax expense, $3,400.

Required:
1.	Prepare the adjusting entries at December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2.	Show the effects of the adjusting entries on net earnings and cash. (If there is no cash flow effect, select "None". Enter any decreases to account balances with a minus sign.)

3-a.	Prepare a statement of earnings for 2017. (Round "Earnings per share" to 2 decimal places.)

3-b.	Prepare a statement of financial position at December 31, 2017.

4.	Compute the net earnings for the year, assuming that you did not make an adjustment to the balance of the supplies inventory account. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

5.	Prepare the closing entries at December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)