A six-column table for Yan Consulting Company follows. The first two columns contain the unadjusted trial balance for the company as of December 31, 2017, and the last two columns contain the adjusted trial balance as of the same date.

Required
1. Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made. Show the results of your analysis by inserting these adjustment amounts in the table's two middle columns. Label each adjustment with a letter a through h and provide a short description of each.
2. Use the information in the adjusted trial balance to prepare this company's (a) income statement and its statement of owner's equity for the year ended December 31, 2017. Z. Yan, Capital at December 31, 2016, was $80,200, and the current-year withdrawals were $20,000, and (b) the balance sheet as of December 31, 2017.

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Unadjusted Trial Balance Trial Balance Accounts recelvable Office supplles Prepald Insurance Office equlpment 45,000 60,000 40,000 8,200 120,000 45,000 66,660 17,000 3,600 120,000 $ 20,000 26,000 Office equlp. $30,000 32,000 2,150 16,000 27,800 75,000 Interest payable Salarles payable Unearned consulting fees Long-term notes payable Z. Yan, Capltal Z. Yan, WIthdrawals Consulting fees earned Depredlation expense 40,000 75,000 80,200 20,000 20,000 234,600 253,460 Salarles expense Interest expense Insurance expense Rent expense Office supplies expense Advertising expense 10,000 128,000 10,750 4,600 20,000 23,000 48,000 112,000 20,000 42,000 $475,800 $475,800 $516,610 $516,610