1. The trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented below. FRINZI COMPANY Trial Balance August 31, 2015 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,400 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings 8,800 2,300 $10,400 10,800 900 4,000 2,500 14,000 14,000 Accumulated Depreciation-Equipment Salaries and Wages Payable $ 3,600 5,800 $ 4,500. 5,800 -0- 1,100 1,500 12,000 600 12,000 3,600 3,600 Service Revenue 34,000 36,000 Rent Revenue 11,000 11,900 Salaries and Wages Expense 17,000 18,100 Supplies Expense Rent Expense -0- 1,400 Insurance Expense Depreciation Expense 15,000 -0- 15,000 1,500. ---0- 900 $71,500 $71,500 $75,500 $75,500 a. Make the adjusting entries that account for the differences between the two trial balances. b. Construct Frinzi's Income Statement, Retained Earning Statement and Balance Sheet. c. Compute Frinzi Company total assets, total liabilities, net income, and total equity. d. Compute Frinzi Current Ratio, Net Working Capital and Debt Ratio. (Show your solution step by step) (70 POINTS)