[The following information applies to the questions displayed below] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30. FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Numbers. 119,413,414, 415, and 502 ) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for five days' work at the rate of $215 per day. four of the five days relate to wages payable that were accrued in the prlor year. January 5 Santana Rey invested an additional $24,600 cash in the coapany in exchange for more common stock, January 7 The coepany purchased $6,500 of merchandise from Kansas Corporation with terns of 1/1e, n/3e, Foe shipping point, invoice dated January 7. January 9 The company recelved $2,848 cash from Goecz Company as fu11 payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it \$5, 410, which is the total price of $6,760 less the advance poyment of $1,350. The company debited Unearned Computer Services Revenue for $1,350. January 13 The company sold merchandise with a retail value of $4,700 and a cost of 53,470 to Lu Corporation, invoice dated January 13. January 15 The company pald 3720 cash for freight charges on the merchandise purchased on January 7. Jaruary 16 the coopany received 54,130 cash from delta Company for computer services provided. January 17 the company paid Kansas corporation for the imvoice dated January 7 , net of the discount. January 20 The company gave a price reduction (allowance) of $500 to Llu Corporation and credited Llu's accounts recelvable for that amount. January 22 The conpany recelved the balance due from Llu Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was 34e6. January 26 The congacy purchased 59,300 of merchandise from Kansas corporation with teras of 1/16, n/30, FoE destination, imoice dated January 26. January 26 The company sold merehandise with a $4,590 cost for $5,850 on eredit to kc, Incorporated, involee dated January 26. Janoary 31 The company paid cash to tyn Addie for 10 days' work at $215 per day. Pebruary 1 the company paid $2,745 cash to Hiliside Mall for another three months' rent in advance. Fehruary 3 The company pald Kansas Corporation for the balance due, net of the cash alscount, less the s4ib credit trom merchandise returned on January 24. February 5 the company paid su10 cash to Facebook for an advertisement to appear on february 5 only. February 11 the coepany recelved the bolance due from Alex's Engineering Company for fees billed on January 11. Pebruary 15 the cospany padd a 44,620 cash dividend. February 23 The coepany sold merchandise with a 12,490 cost for 33,380 on credit to belta company, Invoice dated February 23. February 26 the company pald cash to Lyn Addie for el ght days' work at $215 per day. Fetruary 27 The company reimbursed Santana Aey s2ab cash for business automobile milleage. The compary recorded the relnbursesent as Mileage Expense." March s The company purchased \$2,81e of computer supplies from Harris office Products an credit with teras of n/30, fon destination, invoice dated March It. March 5 the company recelved the balance due from Delta Company for merchandise sold on February 23. Mareh i1 the company pald si30 cash for minor repalrs to the company's coeputer. March 16 the company received 15,280 cash from 0reas, incorporated, for coeputing services provided. Harch 19 The company paid the full amount due of 54,630 to karris office Products, consisting of anounts created on December 15 (of $1,220 ) and Harch 8 . Harch 24 The company bllled Easy Leasing for $9,057 of computing services provided, March 25 The company March 16 ine company received $5,280 cash trom uream, incorporated, tor computing services provided. March 19 The company poid the full omount due of $4,630 to Harris office Products, consisting of amounts creat December 15 (of $1,220 ) and March 8. March 24 The company billed Easy Leasing for $9,057 of computing services provided. March 25 The company sold merchandise with a $2,172 cost for $2,970 on credit to wildcat Services, invoice dat: March 25. March 30 The company sold merchandise with a $1,118 cost for $2,240 on credit to IFM Company, invoice dated Ma 30. March 31. The company reimbursed Santana Rey $160 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are avallable for preparing adjustments on March 31 prior to financial statement prepara a. The March 31 amount of computer supplies still available totals $2,145. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $215 per day. d. Prepaid rent of $2,745 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,060. f. Depreciation on the office equipment for January 1 through March 31 is $370. g. The March 31 amount of merchandise inventory still available totals $534. SP 4 Serial Problem Part 5 (Algo) 5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2 [The following information applies to the questions displayed below] Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30. FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Numbers. 119,413,414, 415, and 502 ) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for five days' work at the rate of $215 per day. four of the five days relate to wages payable that were accrued in the prlor year. January 5 Santana Rey invested an additional $24,600 cash in the coapany in exchange for more common stock, January 7 The coepany purchased $6,500 of merchandise from Kansas Corporation with terns of 1/1e, n/3e, Foe shipping point, invoice dated January 7. January 9 The company recelved $2,848 cash from Goecz Company as fu11 payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it \$5, 410, which is the total price of $6,760 less the advance poyment of $1,350. The company debited Unearned Computer Services Revenue for $1,350. January 13 The company sold merchandise with a retail value of $4,700 and a cost of 53,470 to Lu Corporation, invoice dated January 13. January 15 The company pald 3720 cash for freight charges on the merchandise purchased on January 7. Jaruary 16 the coopany received 54,130 cash from delta Company for computer services provided. January 17 the company paid Kansas corporation for the imvoice dated January 7 , net of the discount. January 20 The company gave a price reduction (allowance) of $500 to Llu Corporation and credited Llu's accounts recelvable for that amount. January 22 The conpany recelved the balance due from Llu Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was 34e6. January 26 The congacy purchased 59,300 of merchandise from Kansas corporation with teras of 1/16, n/30, FoE destination, imoice dated January 26. January 26 The company sold merehandise with a $4,590 cost for $5,850 on eredit to kc, Incorporated, involee dated January 26. Janoary 31 The company paid cash to tyn Addie for 10 days' work at $215 per day. Pebruary 1 the company paid $2,745 cash to Hiliside Mall for another three months' rent in advance. Fehruary 3 The company pald Kansas Corporation for the balance due, net of the cash alscount, less the s4ib credit trom merchandise returned on January 24. February 5 the company paid su10 cash to Facebook for an advertisement to appear on february 5 only. February 11 the coepany recelved the bolance due from Alex's Engineering Company for fees billed on January 11. Pebruary 15 the cospany padd a 44,620 cash dividend. February 23 The coepany sold merchandise with a 12,490 cost for 33,380 on credit to belta company, Invoice dated February 23. February 26 the company pald cash to Lyn Addie for el ght days' work at $215 per day. Fetruary 27 The company reimbursed Santana Aey s2ab cash for business automobile milleage. The compary recorded the relnbursesent as Mileage Expense." March s The company purchased \$2,81e of computer supplies from Harris office Products an credit with teras of n/30, fon destination, invoice dated March It. March 5 the company recelved the balance due from Delta Company for merchandise sold on February 23. Mareh i1 the company pald si30 cash for minor repalrs to the company's coeputer. March 16 the company received 15,280 cash from 0reas, incorporated, for coeputing services provided. Harch 19 The company paid the full amount due of 54,630 to karris office Products, consisting of anounts created on December 15 (of $1,220 ) and Harch 8 . Harch 24 The company bllled Easy Leasing for $9,057 of computing services provided, March 25 The company March 16 ine company received $5,280 cash trom uream, incorporated, tor computing services provided. March 19 The company poid the full omount due of $4,630 to Harris office Products, consisting of amounts creat December 15 (of $1,220 ) and March 8. March 24 The company billed Easy Leasing for $9,057 of computing services provided. March 25 The company sold merchandise with a $2,172 cost for $2,970 on credit to wildcat Services, invoice dat: March 25. March 30 The company sold merchandise with a $1,118 cost for $2,240 on credit to IFM Company, invoice dated Ma 30. March 31. The company reimbursed Santana Rey $160 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are avallable for preparing adjustments on March 31 prior to financial statement prepara a. The March 31 amount of computer supplies still available totals $2,145. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $215 per day. d. Prepaid rent of $2,745 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,060. f. Depreciation on the office equipment for January 1 through March 31 is $370. g. The March 31 amount of merchandise inventory still available totals $534. SP 4 Serial Problem Part 5 (Algo) 5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2