On January $1,2023$ the Edwards landscaping business acquired $$50,000$ from the issue of common stock. This date was the start of the business.

Performed $$18,000$ in landscaping services on account.

On March $1,202$$$3,$$$36,000$ in cash was received in advance for services to be performed over a one year period. $27000$

Purchased $$2,000$ worth of supplies on account.

Paid operating expenses of $$17,000.$

Paid a $$2,700$ dividend.

Collected $$15,000$ from accounts receivable.

On September $1,$ paid $$6,000$ for an insurance policy that provides coverage for one year.

Collected $$2,000$ cash from accounts receivable.

Paid $$400$ of the amount owed for the supplies that were purchased on account.

Performed $$5,000$ worth of services for cash.

At the end of the year, it was determined that on $$500$ worth of supplies were still on hand.

Recognized the amount earned relating to the advance payment.

Recognize the amount of insurance that has expired during the year.

At the end $2023,$ prepare an income statement and a balance sheet in good form.