Using this example below for reference

1. Please complete this accrual sheet below:

2. Please complete the income statement based on the answers on the accrual sheet:

3) DEF Co. had the following transactions during the month: a. cash = sales services provided = sales 300.00 1 month e. Individual (you) deposited $100,000 into DEF Co.'s bank account in exchange for common stock cash 100,000.00 stock 100,000.00 b. on 1/1 you purchased a 12 month insurance policy for $3,600 cash (3,600.00) prepaid insurance expense 3,600.00 C. you received cash sales of $25,000 for services provided to customers cash 25,000.00 sales 25,000.00 d. company provided services of $33,000 to customers on account a/r 33,000.00 sales/income/ revenue 33,000.00 received cash in the amount of $67,250 for services to be performed at a later date cash 67,250.00 unearned revenue 67,250.00 f. during the month DEF Co. paid $15,000 of expenses for wages to employees cash (15,000.00) wages expense 15,000.00 8 DEF received cash of $17,250 for services provided to customers cash 17,250.00 sales 17,250.00 Adjustments a1 it's the end of the month, make the appropriate adjustments to any prepaids previously recorded prepaid insurance expense (300.00) insurance expense 300.00 a2 company performed services from transaction (e) unearned revenue (67,250.00) sales 67,250.00 a3 received cash of $10,000 for services previously provided in transaction (d) cash 10,000.00 a/r (10,000.00) 2) ABC Co. had the following transactions during the month: a. shareholder deposits $200,000 into ABC Co.'s bank account in exchange for common stock b. ABC Co. sold $220,000 worth of products and services to customers on account C. at the beginning of the month ABC Co. paid 1 year of insurance in advance; $48,000 cash paid d. ABC Co. takes out a $500,000 loan from the bank e. ABC Co. buys a building for $500,000 f. ABC Co. paid cash dividends of $5,000 g ABC Co. received $12,000 for sales for services provided h. ABC Co. pays the bank $5,000 for toward the loan in transaction (d) i. ABC Co. received $5,000 for sales for services not yet to be provided j. customers from transaction (f) paid $200,000 Adjustments al it's the end of the month, make the appropriate adjustments to any prepaids previously recorded a2 company performed services from transaction (i) a3 received cash of $20,000 for services previously provided in transaction (f) ABC Co. Income Statement For the Period Ending Jan 31, 2021 Revenue Total Revenue Expenses Total Expenses Net Income(Loss)