Instructions acon Signals Company maintains and repairs warning lights, such as those found on radio towers and thouses. Beacon Signals Company prepared the following end-of-period spreadsheet at December 31, 19, the end of the fiscal year: Beacon Signals Company End-of-Period Spreadsheet For the Year Ended December 31, 2019 Unadjusted Trial Adjustments Adjusted Trial Balance Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 13,000.00 13,000.00 Accounts 40,500.00 (a) 12,500.00 53,000.00 Receivable Prepaid 4,200.00 (b) 3,000.00 1,200.00 Insurance Supplies 3,000.00 (c) 2,250.00 750.00 Land 98,000.00 98,000.00 Building 500,000.00 500,000.00 Accumulated Depreciation- 255,300.00 (d) 9,000.00 264,300.00 Building Equipment 121,900.00 121,900.00 Accumulated Depreciation- 100,100.00 (e) 4,500.00 104,600.00 Equipment Accounts 15,700.00 15,700.00 Payable Salaries and Wages (1) 4,900.00 4,900.00 Payable Uneamed 2,100.00 (g) 1,300.00 800.00 Rent Sarah Colin, 238,100.00 238, 100.00 Capital Sarah Colin, 10,000.00 10,000.00 Drawing Instructions Fees Earned 388,700.00 (a) 12,500.00 401,200.00 Rent (g) 1,300.00 1,300.00 Revenue Salaries and Wages 163,100.00 (1) 4,900.00 168,000.00 Expense Advertising 21,700.00 21,700.00 Expense Utilities 11,400.00 11,400.00 Expense Depreciation Expense- (d) 9,000.00 9,000.00 Building Repairs 8,850.00 8,850.00 Expense Depreciation Expense- (e) 4,500.00 4,500.00 Equipment Insurance (b) 3,000.00 3,000.00 Expense Supplies (c) 2,250.00 2,250.00 Expense Miscellaneous 4,350.00 4,350.00 Expense 1,000,000.00 1,000,000.00 37,450.00 37,450.00 1,030,900.00 1,030,900.00 Required: 1. Prepare an income statement for the year ended December 31. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons () on the income statement. 2. Prepare a statement of owner's equity for the year ended December 31. No additional investments were made during the year. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items. 3. Prepare a balance sheet as of December 31. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons () or the word "Less" on the balance sheet; they will automatically insert where necessary. 4. Based upon the end-of-period spreadsheet, journalize the closing entries. Explanations should be omitted. If you are unsure of account titles, see the chart of accounts. 5. Prepare a post-closing trial balance.