Waddell Company had the following balances in its accounting records as of December $31,$ Year $1$:

The following accounting events apply to Waddell Company's Year $2$ fiscal year:

Jan. $1$ Acquired $$20,090$ cash from the issue of common stock.

Feb. $1$ Paid $ $$6,00$ cash in advance for a one$-$year lease for office space.

Mar. $1$ Paid a $$2,000$ cash dividend to the stockholders.

April $1$ Purchased additional land that cost $$15,000$ cash.

May $1$ Made a cash payment on accounts payable of $$5,500.$

July $1$ Received $$9,600$ cash in advance as a retainer for services to be

performed monthly over the coming year.

Oct. $1$ Purchased $$2,590$ of supplies on account.

Dec. $31$ Earned $$58,000$ of service revenue on account during the year.

Received cash collections from accounts receivable amounting to $$46,000.$

Incurred other operating expenses on account during the year that

amounted to $$$28,000.$

Recognized accrued salaries expense of $$6,500.$

Had $$50$ of supplies on hand at the end of the period.

Recognized $$500$ of accrued interest revenue.

Required

Based on the preceding information, answer the following questions for Waddell Company. All questions pertain to the Year $2$ financial

statements. $($Hint: Enter items in general ledger accounts under the accounting equation before answering the questions.$)$

a$.$ What two additional adjusting entries need to be made at the end of the year?

b$.$ What amount would Waddell report for land on the balance sheet?

c$.$ What amount of net cash flow from operating activities would be reported on the statement of cash flows?

d$.$ What amount of rent expense would be reported on the income statement?

e$.$ What amount of total liabilities would be reported on the balance sheet?

f$.$ What amount of supplies expense would be reported on the income statement?

g$.$ What amount of unearned revenue would be reported on the balance sheet?

h$.$ What amount of net cash flow from investing activities would be reported on the statement of cash flows?

What amount of total expenses would be reported on the income statement?

J$.$ What total amount of service revenue would be reported on the income statement?

k$.$ What amount of cash flows from financing activities would be reported on the statement of cash flows?

I. What amount of net income would be reported on the income statement?

m$.$ What amount of retained earnings would be reported on the balance sheet?