The completed financial statement columns of the worksheet for Hubbs Company are shown below. P4-3A The completed financial statement columns of the worksheet for Hubbs Company are shown below. Hubbs Company Worksheet For the Year Ended December 31, 2014 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 6,200 112 Accounts Receivable 7,500 130 Prepaid Insurance 1,800 157 Equipment 33,000 167 Accumulated Depreciation—Equip. 9,900 201 Accounts Payable 11,700 212 Salaries and Wages Payable 3,000 311 Common Stock 20,000 320 Retained Earnings 9,700 332 Dividends 4,000 400 Service Revenue 47,000 622 Maintenance and Repairs Expense 4,100 711 Depreciation Expense 3,300 722 Insurance Expense 2,200 726 Salaries and Wages Expense 35,200 732 Utilities Expense 4,000 Totals 48,800 47,000 52,500 54,300 Net Loss 1,800 1,800 48,800 48,800 54,300 54,300 Instructions (a) Prepare an income statement, a retained earnings statement, and a classified balance sheet. No additional common stock was issued during 2014. (b) Prepare the closing entries. (c) Post the closing entries and rule and balance the accounts. Use T accounts. Income Summary is account No. 350. (d) Prepare a post-closing trial balance. Dividends Expenses Investments Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $