1) From the data given below prepare a classified balance sheet, an income statement (statement of financial position) and a T account for retained earnings account only Cash Accts Receivable Supplies Prepaid Insurance Land Building Acc depreciation, bldg Accounts payable Wages payable Common stock Retained earnings Dividends Rental Revenue Wages expense Insurance expense Utility expense Supplies expense Depreciation expense Income tax expense Income tax payable Company A Trial balance Dec-12 Debit Credit 4,080 7,320 228 1,188 30,000 91,800 21,000 3,450 1,650 40,000 53,070 36,000 88,200 23,850 3,784 1,800 1,320 6,000 10,000 10,000 Total 217,370 217,370 2) From the problem above provide closing entries you may combine the expense accounts into 1 entry you do not have to list out each expense item you may combine the entry into one expense account