12 ! Part 4 of 7 Requlred Information Exercise 3-21B Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, Year 1, the general ledger of a company Includes the following account balances: Credit points Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,600 7,800 4,900 68,000 eBook 83,000 17.500 $185,50 $105,500 During Year 1, the following transactions occur: January 2 Purchase rental space for one year in advance, $11,408 ($950/month). January 9 Purchase additional supplies on account, $5,300. January 13 Provide services to customers on account, $27,308. January 17 Receive cash in advance from customers for services to be provided in the future. $5.5ee. January 20 Pay cash for salaries, $13,300. January 22 Re ive cash on unts receivable, $25,900. January 29 Pay cash on accounts payable, $5,888. Exercise 3-21B Part 4 2 points 4. Prepare an Income statement for the period ended January 31, Year 1. Income Statement For the year ended January 31, Year 1 Revenues: Service Revenue Expenses Rent Expense Salaries Expense Tota: Expenses 0