Book Show Me How Instructions Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses, Beacons Company prepared the following end of period spreadsheet at December 31, 2045, the end of the fiscal year Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. De Cr Dr. Cr. Cash 10.200 10,200 Accounts Receivable 38.200 (a) 0,200 47400 Prepaid Insurance 4.000 (b) 3.250 750 Supplies 2.700 (c) 2,180 580 Land 08.000 08.000 Building 406,000 400.000 Accumulated Depreciation-Building 205,300 (d) 12,000 217,300 Equipment 104.000 104,000 Accumulated Depreciation Equipment 85,100 (e) 4,000 89.700 Accounts Payablo 15,800 15,800 Salaries and Wages Payable in 5,000 5.000 eBook Show Me How Equipment 104,000 104,000 Accumulated Depreciation-Equipment 85,100 (e) 4,600 89,700 Accounts Payable 15,800 15,800 Salaries and Wages Payable (05,000 5,000 Uneamed Rent 2,500 (g) 1,700 800 Common Stock 85,000 85,000 Retained Earnings 124,530 124,530 10,000 10,000 363,600 (a) 9,200 372,800 Dividends Fees Eamed Rent Revenue Salaries and Wages Expense Advertising Expense (9) 1.700 1,700 159,000 (1) 5,000 164,000 21,200 21,200 Utilities Expense 15,600 15,600 Depreciation Expense-Building (d) 12,000 12,000 Repairs Expense 8,850 8,850 Depreciation Expense-Equipment (e) 4,600 4,600 (b) 3,250 Insurance Expense Supplies Expense 3,250 (c) 2,180 2,180 Miscellaneous Expense 4,020 4,020 881,830 881,830 37,930 37,930 912,630 912,630 Required: 1. Prepare an income statement for the year onded December 31, 2045. Il a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account rames. You will not need to enter colons() on the income statement 2. Prepare a statement of stockholders' equity for the year ended December 31, 20Y5. During the year, common stock of $30,000 was issued. It a net loss is incurred or dividends were pald, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account alles 3. Prepare a balance sheet as of December 31, 2045. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign 4. Based upon the end of period spreadsheet Journaize the closing entries. Refer to the Chart of Accounts for exact wording of account titles 5. Prepare a post closing trial balance CHART OF ACCOUNTS Beacons Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance 14 Supplies 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation-Equipment EXPENSES 51 Salaries and Wages Expense 52 Advertising Expense 53 Utilities Expense 54 Depreciation Expense-Building 55 Repairs Expense 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries and Wages Payable 23 Uneamed Rent EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends eBook Show Me How Labels and Amount Descriptions Labels Current assets Current liabilities December 31, 2045 Expenses For the Year Ended December 31, 2045 Property, plant, and equipment Revenues Amount Descriptions Book value-building Book value-equipment Balances, December 31, 2045 Balances, January 1, 2045 Issued common stock Dividends Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total revenues Check My Work eBook Show Me How Labels Current assets Current liabilities December 31, 2045 Expenses For the Year Ended December 31, 2045 Property, plant, and equipment Revenues