The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit f3 5 Debit 11,988 149,000 5,900 29,50 398, see Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense interest Expense Total $ 134,080 11,90 10,980 4,988 39. eee 298,888 59,000 499.00 390.ee 19, see 39 4,90 $1,039,780 $1.59.780 Required: 1. Prepare an income statement for the year ended December 31, 2021 FIGHTINI BLUE HENS CORPORATION N Income Statement For the Year Ended December 31 2021 Service Revenue epit Leont $ 11,989 149, eee 5,900 29, 500 390,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Total S 134,088 11,900 10,90e 4,980 39 800 299,000 59, eee 499.00 398,eee 19,50 39, eee $1.039,7ee $1,039,700 2. Prepare a statement of stockholders' equity for the year ended December 31, 2021. assuming no common stock was issued during 2021 FIGHTIN BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common stod Retained Earnings Total Stockholders Equity Balance January SIVE The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit 3 Debit 11,900 149 eee 5,900 29,500 398,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock ketained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $ 134.000 11,989 19.9ue 4,900 39, eee 290, we 59eee d98.cn 398,eee 19, 00 39.000 4,00 51,039,700 $1.39 3. Prepare a classified balance sheet as of December 31, 2021 (Amounts to be deducted should be Indicated by a minus sign.) FIGHTIN BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets Laurent $ 48,300 13,300 @ 5,800 11,000 116, eee 58,000 $ 13,400 @ 7,200 Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 166,400 25,400 80,200 34, eee @ 6,200 $ 292,680 $ 292,600 In addition, the company had the following year-end adjusting ent Credits Debits 4.000 2.700 2. vee 3.222 a. Salaries Expense Salaries Payable b. Interest Receivable interest Revenue c. Supplies Lxpense Supplies d. Deferred Revenue Service Revenue ense the enti fitxa B. 200 5.2 20 EURAREA Required information ULLLLLS Yayauce 2,200 quired: - & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing es to the T-accounts Cash Accounts Receivable Bal. Beg. Bal Bal End Bal Supplies Interest Receivable Bal Beg Ba Eno Ba Ba Land Prepaid Rent Beg Ba Ba End Credits Debits $ 48,300 13,300 5,800 11,000 116,000 58, eee $ 13,400 Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 7,200 166,480 25,400 80, 200 34, eee B B 6,200 $292,600 $292,600 In addition, the company had the following year-end adjusting entries. Debits 4.oue Credits Salaries Expense Salaries Payable be interest Receivable interest Raven Ex 27 200 Delfed even TIARA . Required Information The following Information applies to the questions displayed below. Crimson Tide Music Academy offers lessons in playing a wide range as of December 31, 2021, appears below. December 31 is the compa Credits Debits $ 48,300 13,3ee 5,800 11, een 116, eee 58,000 $ 13,400 Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense 7,280 166,400 25,400 80,280 34,000 6.200 $ 202,689 5292, It30 quired information Credits Debits 4,000 4, eee 2,700 2,780 3,200 a. Salaries Expense Salaries Payable b. Interest Receivable Interest Revenue C. Supplies Expense Supplies d. De ferred Revenue Service Revenue e. Rent Expense Prepaid Rent f. Utilities Expense Utilities Payable 3,209 5,200 5,200 7,300 7,300 2,180 2,100 eare an Income statement, statement of stockholders' equity, and classifi plete this question by entering your answers in the tabs below. ome ement Stmt of Stockholders Balance Sheet Equity re an income statement for the year ended December 31, 2021, CRIC