Flint Inc. operates a cable television system. At December 31, 2011, the following unadjusted account balances were available:

The following data are available for adjusting entries:
a. At year-end $1,500 of office supplies remain unused.
b. Annual depreciation on the building is $20,000.
c. Annual depreciation on the equipment is $150,000.
d. The interest rate on the note is 8 percent. Four months€™ interest is unpaid and unrecorded at December 31, 2011.
e. At December 31, 2011, service revenue of $94,000 has been earned but is unbilled and unrecorded.
f. Utility bills of $2,800 are unpaid and unrecorded at December 31, 2011.
g. Income taxes of $49,633 were unpaid and unrecorded at year-end.
Required:
1. Prepare a worksheet for Flint.
2. Prepare an income statement, a retained earnings statement, and a classified balance sheet for Flint.
3. Prepare the closing entries.

$ 2,000 Common Stock Cash Accounts Receivable Supplies Land Building Accumulated Depreciation (Building) Equipment Accumulated Depreciation (Equipment Other Assets Accounts Payable Notes Payable (due in 2015) $300,000 89,000 Retained Earnings, 12/31/2010 14,700 28,000 985,000 398,000 10,500 196,000 34,000 44,000 15,000 5,000 Dividends 37,000 Service Revenue Property Taxes Expense Miscellaneous Expense 209,000 Royalties Expense 1 40,000 794,000 Wages Expense 262,000 Utilities Expense 19,700 29,500 Interest Expense 250,000