The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable. Supplies Equipment Debits. $20,000 Credits 8,000 4,000 15,000 $ 5,000 Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 7,500 25,000 9,500 $47,000 $47,000 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $60,000, of which $21,000 is on account. 2 Collect on accounts receivable, $18,000. 30 Issue shares of common stock in exchange for $6,000 cash. 1 Pay salaries of $7,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $13,000. 6. October 19 Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. The balance sheet is the accounting equation: Assets Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Current assets: Cash Assets Total current assets Long-term assets: Total Assets Red Storm Cleaners Balance Sheet December 31, 2021 Liabilities Current liabilities: 53,400 Total current liabilities Stockholders' Equity 0 53,400 0 0 0 0 Total stockholders' equity $ 53,400 Total Liabilities and Stockholders' Equity $ 0 General Requirement Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or po will appear for each account, based on your selection. Adjusted Revenues: Service Revenue Red Storm Cleaners Income Statement For the Year Ended December 31, 2021 60,000 Total Revenues 60,000 Expenses: Salaries Expense 19,600 Repairs and Maintenance Expense 13,000 Depreciation Expense 5,000 Supplies Expense 2,800 Total expenses 40,400 $ 19,600