Question: Please use Excel to complete the following use case: Please see attached Excel File: 1) Prepare a 12-column work sheet for the year ended 2010

Please use Excel to complete the following use case:

Please see attached Excel File:

1) Prepare a 12-column work sheet for the year ended 2010 December 31. You need not include account numbers or explanations of adjustments.

2) Prepare an income statement.

3) Prepare a statement of retained earnings.

4) Prepare a classified balance sheet.

5) Prepare adjusting and closing entries.

The following trial balance and additional data are for Roswell Interior Decorators, Inc.:
ROSWELL INTERIOR DECORATORS, INC
Trial Balance
2019 December 31
Debits Credits
Cash 85,100 0
Accounts Receivable 81,000 0
Supplies on Hand 4,600 0
Prepaid Rent 12,240 0
Prepaid Advertising 2,880 0
Prepaid Insurance 4,400 0
Office Equipment 5,400 0
Accumulated DepreciationOffice Equipment 0 2,760
Office Furniture 29,200 0
Accumulated DepreciationOffice Furniture 0 8,280
Accounts Payable 0 25,200
Notes Payable (due 2020) 0 4,000
Capital Stock 0 100,000
Retained Earnings, 2019 January 1 0 22,400
Dividends 45,520 0
Service Revenue 0 250,000
Salaries Expense 98,800 0
Utilities Expense 20,000 0
Miscellaneous Expense 23,500 0
412,640 412640
Financial Data
Supplies on hand at 2019 December 31, are 1,000.
Rent expense for 2019 is 10,000.
Advertising expense for 2019 is 2,304.
Insurance expense for 2019 is 2,400.
Depreciation expense is office equipment, 912, and office furniture, 3,000.
Accrued interest on notes payable is 150.
Accrued salaries are 4,200
Questions
1) Prepare a 12-column work sheet for the year ended 2010 December 31. You need not include account numbers or explanations of adjustments.
2) Prepare an income statement.
3) Prepare a statement of retained earnings.
4) Prepare a classified balance sheet.
5) Prepare adjusting and closing entries.

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