Lamp Light Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Lamp Light Company prepared the following end-of-period spreadsheet at December 31, 2016, the end of the fiscal year:

Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a retained earnings statement for the year ended December 31.
3. Prepare a balance sheet as of December 31.
4. Based upon the end-of-period spreadsheet, journalize the closing entries.
5. Prepare a post-closing trial balance.

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Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2016 Adjusted Unadjusted Trial Balance Adjustments Trial Balance 6Account Title 8 Cash 10,800 38,900 4,200 2,730 98,000 400,000 10,800 50,200 (a) 11,300 (b) 3,000 1200 480 98,000 400,000 Accounts Receivable 10 Prepaid Insurance 1Supplies 12 Land 13 Building 14 Accum. Depr-Building 15 Equipment 16 Accum Depr-Equipment 17 Accounts Payable 18 Salaries&Wages Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Rent Revenue 25 Salaries&Wages Expense 26 Advertising Expense 27 Utilities Expense 28 Depr. Exp.-Building 29 Repairs Expense 30 Depr. Exp.-Equipment 31 Insurance Expense 32 Supplies Expen se 33 Misc. Expense (C) 2.250 (d)10,100 (e) 6,680 4,900 205,300 215,400 101,000 101,000 85,100 15,700 91,780 15,700 4,900 800 75,000 128,100 2,100 (g) 1,300 75,000 128,100 10,000 10,000 (a)11,300 1,300 375,000 1,300 363,700 4,900 163,100 21,700 11,400 168,000 21,700 11400 10,100 8,850 6.680 3,000 2,250 4.320 (d) 10,100 8, 850 e) 6,680 (b) 3,000 (C) 2.250 4.320 875,000 875.000 39.530 39,530 907.980 907.980