do the following for From the ledger balances and additional data given, do the follow Cross Lumber for the year ended December 31, 201X. 1. Prepare the worksheet. 2. Prepare the income statement, statement of owner's equity, and balance sheet. 3. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.) 4. Prepare a post-closing trial balance. 5. Journalize the reversing entry for wages accrued. Account Balances of Cross Lumber $ 110 1,300 1,280 4,300 267 121 209 3,300 530 1,200 5,761 2,700 331 Acct. No. Cash 111 Accounts Receivable 112 Merchandise Inventory 113 Lumber Supplies 114 Prepaid Insurance Lumber Equipment 122 Acc. Dep., Lumber Equipment 220 Accounts Payable 221 Wages Payable 330 J. Cross, Capital J. Cross, Withdrawals 332 Income Summary Sales Sales Returns and Allowances 550 Purchases Purchases Discount Purchases Returns and Allowances 660 Wages Expense 661 Advertising Expense Rent Expense 663 Dep. Exp., Lumber Equipment Lumber Supplies Expense 665 Insurance Expense 440 441 23,200 230 14,500 325 340 2,120 370 562 664 $4,700 Additional Data a./b. Merchandise inventory, December 31 c. Lumber supplies on hand, December 31 d. Insurance expired e. Depreciation for the year f. Accrued wages on December 31 120 210 135