Flint Inc. operates a cable television system. At December 31, 2019, 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%. Four months' interest is unpaid and unrecorded at December 31, 2019.
e. At December 31, 2019, services of $94,000 have been performed but are unbilled and unrecorded.
f. Utility bills of $2,800 are unpaid and unrecorded at December 31, 2019.
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.

Common Stock Retained Earnings, 12/31/2018 Dividends Service Revenue Royalties Expense Cash Accounts Receivable $300,000 89,000 28,000 985,000 398,000 Supplies Land Building 37,000 209,000 40,000 794,000 262,000 19,700 29,500 250,000 Accumulated Depreciation (Building) Property Taxes Expense Wages Expense Equipment Accumulated Depreciation (Equipment) Other Assets Accounts Payable Notes Payable (due in 2023) 196,000 34,000 44,000 15,000 Utilities Expense Miscellaneous Expense Interest Expense