please journalize the case. please prepare the unadjusted trial balance. please prepare the adjusted trial balance. please prepare balance sheet and income statement.

Copics Express* Copres Express was incorporated on November 30, 2009, and began operating on January 2, 2010. The halance shee! as of the beginning of operations is shown in Exhibiti. in preparing financial statenents for the first year of operations, the accountant reviewed the record of cash receipts and cash disbursements for Copies express. This infonnanion appears in Exhibit 2. In addition, the accountant examined certain other information relative to operations. These additional itoids appear in Exhibit 3. EXHIBIT 2 Copies Express, loc. EXHIBIT 1 Copies Express, Inc. Balance Sheet As of January 2, 2010 Cash Receipts and Disbursemsats 2010 Cash receipts. Cash sales Collect accounts receivable Tota! $176,450 64,750 $241,200 Assets Cash Supplies Building and equipmierit Lard $ 2,000 24,400 300,000 12.000 Cosh disbursements: Wages and salaries Heal, light power Additional supplies Selling and administration Interest (Note 1) Payment --bank loan (12:31) Payment--accounts payable Total Total $338,400 $ 85,750 13,000 52,600 26,375 2,880 12,000 10,490 $207,005 Liabilities and Owners' Equity Accounts payable Bank loan Capital sice To:31 $ 10,400 24,000 304,009 5338,400 Nits i. IncearU12 perceper anar mooie bankowe poste du " and Lerehe 9 1 124.970 -32.850 inte vara for 2016 e me te winder EXHIBIT 3 Other Information Relative to Operations 1. At the end of 2010, Copies Express owed $9,875 to suppliers for the purchase of photocopy supplies for which it had not yet paid. 2. The yearly depreciation expense on the buildings and equipment was $15,000. 3. At the end of 2010, Copies Express was oyed $11,000 for copying services by customers who had not yet paid. Copies Express expected that all of these customers would pay within 30 days 4. An inventory taken of the supplies al year-end revealed that the year's cost of supplies was $60,250. 5, income taxes for 2010 were expected to be $11,593. They were unpaid as of December 31, 2070. Questions 1. Prepare an income siatement for 2010 and a hal. ance sbec! as of December 31, 2010. 2. Be prepared to explain the derivation of each num ber on these financial statements