Using the information on the 12/31/18 adjusted trial balance (page 2) complete the following two parts. Note: An accompanying EXCEL file is provided see "Trial Balance for Homework 2" Note: The owner cannot afford an accountant so she hires an accountant (you) to come in once a month during the year to make the necessary accounting. Part 1 - For the 2018 Year-End A. Prepare closing entries B. Prepare post-closing trial balance C. Prepare the balance sheet as of 12/31/18 Part 2 - For 2019 Prepare journal entries for the following events...and then prepare the trial balance as of 1/31/19 AND prepare the income Statement, Statement of Retained Earnings, and Balance Sheet for the month of January (1/31/19). For the month of January, 2019 the following events/information need to be accounted for... Event 1 - Jan. 31 -> Cash sales for the month of January were $85,000 Event 2 - Jan. 31 -> Administrative expenses for the month of January were $14,400 (total amount was paid in cash) Event 3 - Jan. 31 -> Cost of Goods Sold (COGS) for the month of January were $18,000 ($12,000 was paid in cash AND the remaining $6,000 was on account). Event 4 - Jan. 31 -> Income Tax Expense (total amount accrued) for the month of January is $6,000 Event 5 - Jan. 31 -> Depreciation expense (for the month) - equipment is $900 Event 6 - Jan. 31 -> Depreciation expense (for the month) - building is $1,200 Event 7-Jan. 31 -> Accounts receivable of $3,300 was collected. Event 8 - Jan. 31 -> Salaries and Wages payable is $0 at the end of the month. Event 9 - Jan. 31 -> Month-end physical count of inventory and supplies shows that the month end balances are as follows: Inventory -> $3,000 Supplies -> $1,200 Company Name Adjusted Trial Balance 31-Dec-18 Credit Debit 85,000 4,300 200 8,600 3,800 95,000 10,000 125,000 15,000 95,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory (as of 12/31/18) Supplies Equipment Accumulated Deperciation - Equipment Building Accumulated Deperciation - Building Land Accounts Payable Salaries and Wages Payable Mortgage Payable Common Stock $0.10 APIC Retained Earnings Sales Revenue COGS Selling Expenses Administrative Expenses Income Tax Expense 14,000 1,200 175,000 1,000 90,000 6,450 463,850 145,000 15,000 125,000 75,000 776,700 $ $ 776,700 Note: The above information is available via an Excel file => "Trial Balance for Homework 2