The trial balance of Pacilio Security Services, Inc. as of January 1. Year 3, had the following normal balances: Cash s8,980 1,500 65 800 4,ee0 1,e5e 200 1,200 2,000 8,e00 2,815 Accounts Receivable Supplies Prepaid Rent Land Accounts Payable Unearned Revenue Salaries Payable Notes Payable Connon Stock Retained Earnings During Year 3, Pacilio Security Services experienced the following transactions 2ad the blancewed to the smal Business Government Agency The loanis interest free 2. Paid the balance of $2.000 on the debt owed to the Small Business Government Agency. The loan is interest-free 3. Performed $32000 of security services for numerous local events during the year: $21000 was on account and $11.000 was for cash. 4. On May 1, paid $3,000 for 12 months rent in advance. 5. Purchased supplies on account for $700. 6. Paid salaries expense for the year of $9.000 7. Incurred other operating expenses on account, $4.200 8. On October 1, Year 3, a customer paid $1.200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts receivable during the year 10. Paid $5,950 on accounts payable. 11. Paid $1.800 of advertising expenses for the year 12. Paid a cash dividend to the shareholders of $4.650 The market value of the land was determined to be $5.500 at December 31. Year 3 Prey1 or Next earch Adjustments 14. There was $120 of supplies on hand at the end of the year. 15. Recognized the expired rent. 16. Recognized the earned revenue from Year 2 and transaction no. 8. 17. Accrued salaries were $1,000 at December 31, Year 3. Pacilio Security Services, Inc. Effect of Transactions on Financial Statements- Year 3 Balance Sheet Income Statement Statement of Cash Flows Net AssetsLiabilitiesS. Equity Revenue Expenses OA 2 4 6. 7 8 9 10 12 13 14 15 16 17