1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet. a. Depreciation on equipment, $18 b. Accrued salaries, $21 c. The $27 of unearned revenue has been earned d. Supplies available at December 31, $90 e. Expired insurance, $30 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net income. WESTCOTT COMPANY Work Sheet For Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment $ 96 57 114 48 $ 24 30 69 Accumulated depreciation-Equipment $ 45 18 21 Accounts payable Salaries payable Unearned revenue W. Westcott, Capital W. Westcott, Withdrawals Services revenue 21 27 $ 27 162 36 225 27 Depreciation expense-Equipment Salaries expense 33 18 21 Insurance expense 30 Supplies expense Utilities expense 27 24 $ 480 $ 480 $ 120 $ 120 $ 0 $ 0 0 0 0 0 Totals Net Income Totals $ 0 $ 0 $ 0 $ 0