Jojoba Service Company was formed on January 1, Year 1. Events Affecting the Year 1 Accounting Period 1. Acquired cash of $60,000 from the issue of common stock. 2. Purchased $1.200 of supplies on account. 3. Purchased land that cost $18,000 cash. 4. Paid $80 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $42,000. 6. Paid $21,000 cash for other operating expenses. 7. Collected $38.000 cash from accounts receivable. Information for Year 1 Adjusting Entries 8. Recognized accrued salaries of $3,200 on December 31. Year 1. 9. Had $200 of supplies on hand at the end of the accounting period. Events Affecting the Year 2 Accounting Period 1. Acquired an additional $20,000 cash from the issue of common stock. 2. Paid $3,200 cash to settle the salaries payable obligation 3. Paid $3,600 cash in advance for a lease on office facilities. 4. Sold land that had cost $15,000 for $15,000 cash. 5. Received $4,800 cash in advance for services to be performed in the future. 6. Purchased $1,000 of supplies on account during the year, 7. Provided services on account of $32,000. 8. Collected $33,000 cash from accounts receivable. 9. Paid a cash dividend of $5,000 to the stockholders. 10. Paid other operating expenses of $19,500. Information for Year 2 Adjusting Entries 11. The advance payment for rental of the office facilities (see Event was made on March 1 for a one-year lease term. 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started October 1. 13. Had $300 of supplies on hand at the end of the period. 14. Recognized accrued salaries of $3,900 at the end of the accounting period. D Question 4 1 pts Refer to the previous question about Jojoba Service Company. Using the financial information of Jojoba Service Company, find the balances of the accounts at the end of Year 2, as they are reported on a balance sheet and on an income statement (If it is zero, enter "O"). Use pre-closing balances of the Income Statemen accounts and after closing balances of Balance Sheet accounts The Balance for the year 2: Cash Accounts Payable Operating Expenses Revenue Supplies Expense Salaries Payable Accounts Receivable Unearned Revenue Supplies Common Stock Prepaid Rent Retained Earnings Salaries Expense Rent Expense Land