$1.$ Subtitle Incorporated, a limited liability company, has an accounting year end of $31$ December. The accountant is preparing the financial statements as at $31$ December $2023$ and requires your assistance. The following unadjusted trial balance has been extracted from the general ledger. Account Dr Cr Buildings at cost $165,000$ Buildings accumulated depreciation, $1$ Jan $202318,000$ Plant at cost $75,000$ Plant accumulated depreciation, $1$ Jan $202324,500$ Prepaid Insurance $15,000$ Bank Balance $17,500$ Sales Revenue $457,500$ Supplies $7,500$ Purchases $279,500$ Inventory at $1$ Jan $202340,000$ Cash $5,000$ Accounts payables $62,500$

Accounts receivables $83,000$ Salaries expenses $31,250$ Electricity expenses $12,625$ Telephone expenses $22,500$ Rent expenses $14,875$ Loan due

$($December $2030)7,500$ Retained earnings at $1$ Jan $202332,500$ Common stock, $$1119,500$ Unearned Revenues $20,000$ Dividend Paid $8,250.$ The following additional information is also available: A two$-$year insurance policy costing $$15,000$ was purchased on September $01,2023.$ Employee salaries of $$1,200$ are owed by the year. The balance in Supplies after a physical count reveals $$4,700$ of supplies on hand on December $31,2023.$ Plant has a useful life of $10$ years with a salvage value of $$1,500.$ Building has a useful life of $50$ years with no salvage value. Unearned Revenue tickets show that $$7,350$ of the Trial Balance amount has been earned by December $31,2023.$ Closing Inventory after a physical count amounted to $$34,750.$ Required: Prepare for Subtitle Incorporated: i$)$ The Journal Entries required for the additional information; ii$)$ The Adjusted Trial Balance $($in good form$)$; iii$)$The Income Statement; iv$)$ The Statement of Retained Earnings; v$)$The Balance Sheet;