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Sto Heath Care Inc. is owned and operated by Morgan Denby, the sole stockholder. The account balances affer all of the month's tronsactions were recorded and appear on the first line of the integrated financial statement framework below, Enter the Net income on the income Statement after recording all the adjustments. Ad)ustment data for SLO Health Care Inc, for January are as follows: 1. Inwrance explred, $450. 2. Supplies on hand on January 31, 5600. 3. Depreciation on building, 51,150 . 4. Unearned rent revenue eamed, 51,500 . 5. Wages oved employees but not paid, $1,450. 6. Services provided but not buled to patients, $2,500. Instructions: Fincord the adjustments for Jahtary using the integrated financial statement framework. If an amount box does not require an entry, leave it blank Enter account decreases and cash outflows as negative amounts. Prepare a statement of stocicholders' equity for January. For those boxes in which no entry is required, leave the box biank. SLO HEALTH CARE INC. Prepare a classified balance sheet for January. The note payable is due in ten years. Finandal Statements Sto Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder. During January 20Y6, San Mateo Health Care entered into the following transactions: Jan. 1 Recelved $13,500 from Glenn Company as rent for the use of a vacant office in SLO Health Care's bulding. Glenn paid the rent nine months in advance. 1 Paid $3,000 for a one-year general insurance business policy. 6 Purchased supplies of $900 on account. 9 Collected $16,000 for services provided to customers on account. 11 Paid creditors $2,500 on account. 18 Invested an additiodal $5,000 in the business in exchange for common stock. 20 Billed patients $26,000 for services provided on occount. 25 Received $7,500 for services provided to customers who paid cash. 30 Paid expenses as follows: wages, $15,500 utilities, $4,250 rent on medical equipment, $2,650 interest, $100 and miscelianeous, $1,500. 30. Paid dividends of $4,000 to stockholder (Dn Denby). Adjustinent data for Sio Health Care Inc, for January are as follows: 1. Insurance explred, 5450 . 2. Supplies on hand on Jatiuary 31,$600. 3. Depreciakion on buliding, 51,150. 4. Unearned rent revemue earned, 51,500. 5. Wages owed employees but not paid, $1,450. 6 . Services provided but not bilied to potients, $2,500 Presented in the integrated financiel statement format are after-adjustment bolances for January. Accounts Prepald Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Uabilities Current liabilities: Totai current liabilities Long-term liabilities: Total liabilities Stockholders: Egiaty. Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{|llr|} \hline & \multicolumn{1}{c}{ Income Statement } & \\ \hline Jan. 20. & Fees earned & $26,000 \\ \hline Jan. 25. & Fees earned & 7,500 \\ \hline Jan. 30. & Wages expense & 15,500 \\ \hline Jan. 30. & Utilities expense & 4,250 \\ \hline Jan. 30. & Rent expense & 2,650 \\ \hline Jan. 30. & Interest expense & -100 \\ \hline Jan. 30. & Miscellaneous expense & 1,500 \\ \hline Jan. 31. & & \\ \hline Jan. 31. & & \\ \hline Jan. 31. & & \\ \hline Jan. 31. & & \\ \hline Jan. 31. & & \\ \hline \end{tabular} Instructions: Prepare an income statement for January. Statement of Cash Flows \begin{tabular}{l} Accounts \\ Recelvable + Prepaid \\ \hline 32,250 \end{tabular}