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 Cr. Dr. Cr. Dr. Cash $10,400 Accounts Receivable Supplies 8,800 2,300 $10,400 10,800 900 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable 4,000 14,000 2,500 14,000 $ 3,600 $ 4,500 5,800 -0- 5,800 1,100 Unearned Rent Revenue 1,500 600 Common Stock 12,000 12,000 Retained Earnings 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 -0- 1,400 Rent Expense 15,000 15,000 Insurance Expense -0- 1,500 Depreciation Expense -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)