The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Debits $ 25,600 16,400 Credits Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 14,000 158,000 $ 7,700 6,800 153,000 46,500 $214,000 $214,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $144,100, and on account, $57,200. 2. February 12 Collect on accounts receivable, $52,500. 3. April 4. May 5. July 25 Receive cash in advance from customers, $13,900. 6 Purchase supplies on account, $11,200. 15 Pay property taxes, $9,500. 6. September 10 Pay on accounts payable, $12,400. 7. October 31 Pay salaries, $133,600. 8. November 20 Issue shares of common stock in exchange for $37,000 cash. 9. December 30 Pay $3,800 cash dividends to stockholders. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by customers. General General Requirement Trial Balance Journal Ledger Income Statement Balance Sheet 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. Adjusted Assets Current Assets: Total current assets Long-term Assets: Total assets Zips Storage Balance Sheet December 31, 2021 Liabilities Current Liabilities: Total Current Liabilities 0 Stockholders' Equity 0 0 0 0 0 Total Stockholders' Equity 0 $ 0 Total Liabilities and Stockholders' Equity $ 0