The Sanders Company had the following balances at 12/31/2021: Cash Accounts Receivable Equipment $35,000 $9,000 $51,000 Accounts Payable $7,500 Paid-in Capital $40,000 Retained Earnings $35,500 Accumulated Depreciation (12,000) Event # 1 The following events occurred in 2022. Paid $15,000 cash on February 15th for a one-year lease of office space. The lease begins on March 1st Paid a $2,000 cash dividend to stockholders 2 3 Paid $4,000 cash for various operating expenses 4 Earned $58,000 of service revenue on account during the year 5 Received cash collections from accounts receivable amounting to $46,000 6 7 8 Depreciation on the equipment for the year totaled $5,000 The company recorded the amount of rent used for the year Wages owed for the last week of December 2021 (which will be paid in 2022) totaled $1,200 Required: 1. Record beginning balances, all transactions and any necessary adjustments in the excel template provided 2. Prepare the company's income statement and statement of changes in equity for 2022 on the worksheet named "financial statements" 3. Prepare the company's balance sheet at 12/31/22 on the worksheet named "financial statements" 4. Upload your completed excel file in canvas.