The adjusted ledger accounts of Walken Architecture on December 31, 20x1, appear as follows. Account Name Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-Building Accounts payable L. Walken, Capital L. Walken, Drawing Fees income Advertising expense Insurance expense Depreciation expense-Building Wages expense Utilities expense Balance 14,000 4,100 2,300 1,800 61,000 21,000 9,100 24,800 1.000 42,000 2,500 1,800 700 6,200 1,500 Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for Walken Architecture on December 31, 20X1. All accounts have normal balances and adjusting entries have been made. Prepare the Balance Sheet and Income Statement columns of the worksheet. Income Statement Balance Sheet Debit Credit Debit Credit ACCOUNT NAME Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-Building Accounts payable L. Walken, Capital L. Walken, Drawing Fees income Advertising Expense Insurance expense Depreciation expense-Building Wages Expense Utilities expense Totals Net Income 0 0 0 0 0 0 0 Journal entry worksheet 1 2 3 > Record entry to transfer fees income to income summary. Note: Enter debits before credits. General Journal Debit Credit Date 12/31/20X1 Record entry Clear entry Vlow general Journal Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits General Journal Debit Credit Date 12/31/20X1 Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit 12/31/20X1 Record entry Clear entry View general journal Journal entry worksheet