02 Problem 1: Following is the Unadjusted Trial Balance of Ocelot Company, a private corporation owned and operated by Olivia Ocelot. All day to-day transactions have already been recorded through December 31, 2021. All the balances shown are up-to-date, but unadjusted. Ocelot Company Unadjusted Trial Balance December 31, 2021 Credit Debit $ 19,500 3,700 1,200 27,000 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Utility Expense Miscellaneous Expense Totals $ 4,800 9,100 14,000 8,900 2,500 48,900 24,200 6,500 1.100 $ 85,700 $ 85.200 > 8.200 > 0, ZU Adjustment Data: a) A $1,500, unbilled, unrecorded invoice for services already performed December 6th, by Ms. Ocelot for a client was found and mailed out to the customer. b) Depreciation on equipment this year is $750. c) Accrued salaries for the last few days of work in 2021 are $850. d) $400 worth of insurance has expired. Required: Record and complete the above information in a properly constructed 10-columnworksheet. [Three add-on accounts are needed.] Problem 2: Using the completed worksheet from Problem 1, produce the closing entries in journal form. (2 entries in all) Problem 3: Produce the Post Closing Trial Balance for Ocelot Company for December 31, 2021