1. Journalize the adjusting entries: a. Record depreciation expense for the Building, $12,900. b. Recorded depreciation expense for the Copier Equipment. The Copier Equipment is depreciated using the Units-of-Production method. The Copier Equipment was acquired at a cost of $42,000, has an estimated useful life of 5 years or 1,400,000 coples, and has a residual value of zero. In 2018,210,000 copies were produced. C. Salaries accrued, but not paid, $10,000 d. Professional Fees earned, but not invoiced, $13,100. e. Determined supplies on-hand was $5,800 2. Prepare an adjusted Trial Balance 3. Prepare an income Statement for the Year Ended, December 31, 2018 In this assignment, we will be combining previous accounting concepts with the accounting treatment for partnerships. Instructions: Open the attached file for Alger-Sullivan LLP . Prepare the end of period adjusting entries Prepare an Adjusted Trial Balance Prepare an Income Statement Prepare a Statement of Partnership Equity. Assume the partners divide income, as follows: 10% on original investment (Alger $20,000 and Sullivan $30,000 ) Salary allowance of $40,000 to Alger and $55,000 to Sullivan Remainder of income divided equally. Video: Allocating Net Income (Partnerships) Video:Allocating Net Loss (Partnerships) Video: Partnership Liquidation