Required information Problem 3-9A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Zips Storage at January 1, 2021, includes the following account balance Accounts Cash Accounts Receivable Prepaid Insurance Debits $ 25,900 Credits 16,700 14,600 Land 161,000 Accounts Payable $ 8,000 Deferred Revenue 7,100 Common Stock 156,000 Retained Earnings 47,100 Totals $218,200 $218,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $147, 100, and on account, $58,700. 2. February 12 Collect on accounts receivable, $52,800. 3. April 4. May 5. July 25 Receive cash in advance from customers, $14,200. 6 Purchase supplies on account, $11,800. 15 Pay property taxes, $9,800. 6. September 10 Pay on accounts payable, $12,700. 7. October 31 Pay salaries, $136, 600. 8. November 9. December 20 Issue shares of common stock in exchange for $40,000 cash. 30 Pay $4,100 cash dividends to stockholders.. 8-a. Prepare the income statement for the year ended December 31, 2021. Expenses: ZIPS STORAGE Income Statement For the Year Ended December 31, 2021 Total Expenses Ch3HW 7 8-b. Prepare the clecuted balance sheet for the year ended December 31, 2021 (Ameunts to be deducted should be indicated by a minus signa ZIPS STORAGE Asse Current BLOOD Long-term Cus Dockers Eqty stickholders outy $ Required information Problem 3-9A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Zips Storage at January 1, 2021, includes the following account balances Accounts Cash Accounts Receivable Prepaid Insurance DIDITE $25,000 16,700 14,600 Credits Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 161,000 58,000 7,100 154, 000 47, 100 $210,200 $210, 200 The following is a summary of the transactions for the year 1 January Provide storage services for cash, 3147, 109, and on account, ssa, 700. 2. February 12 Collect on accounts receivable, $52,000. 1. April July 25 Receive cash in advance from customers, $14,200, Purchase supplies on account, $13,000) 15 Pay property taxes, 59, 600. September 10 Pay on accounts payable, $17,700. 7. October 31 Pay salaries, $130,000. November 20 Issue shares of common stock in exchange for $40,000 cash 9. December 30 Pay $4,150 cash dividends to stockholders. Check my work 8-a. Prepare the income statement for the year ended December 31, 2021. Expenses: ZIPS STORAGE Income Statement For the Year Ended December 31, 2021 Total Expenses O Required information B-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) PS STORAGE Balance Sheet December 31, 2021 Assets Liabilities Current assets Curere liabi Total current assets Long-term assets To Total current sabes 0 Stockholders' Equity Tusa stockholders' equity $ 0 Help Save & Exit Subme Chutt