1. For the Unadjusted Trial Balance above, please compute net income below (show computation): 2. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense - Building; Depreciation Expense - Equipment; and Supplies Expense. Please record your entries in the columns provided on the following page. Medium Company is a service business. On August 31, 2018, the end of its current year, Medium Company's accounting clerk prepared the following unadjusted trial balance: Medium Company Unadjusted Trial Balance August 31, 2018 Debit Balance Credit Balance 7,500 38,400 7,200 1,980 112,500 150.250 87,550 135,300 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation - Building Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense Totals 97,950 12,150 6,750 75,000 146,000 15,000 324,600 193,370 42,375 22,800 17,250 6,075 750,000 750,000 The data needed to determine year-end adjustments are as follows: Unexpired insurance at August 31, $5,000. Supplies on hand at August 31, $580. Depreciation of building for the year, $7,600. Depreciation of equipment for the year, $4,250. Rent unearned at August 31, $1,650. Accrued salaries and wages at August 31, $3,300. Fees earned but unbilled on August 31, $11,330