12B-3.From the partial worksheet for Jay's Supplies in Figure 12.21 (p. 450), do the following: 1. Complete the worksheet. 2. Prepare the income statement, statement of owner's equity, and classified bal ance sheet. (The amount of the mortgage due the first year is $800.) 3. Journalize the adjusting and closing entries 1AP JAY'S SUPPLIES WORKSHEET FOR YEAR ENDED DECEMBER 31, 200X Trial Balance Cr. Adjustments Dr. Account Titles Cash Dr. Cr. 00000 Accounts Receivable 300000 KBS 0000| 1170000A) 110000 Merch. Inventory, 1/1/XX Prepaid Insurance Equipment Accum. Dep., Equipment Accounts Payable Unearned Training Fees Mortgage Payable P. Jay, Capital P. Jay, Withdrawals Income Summary Sales 35000 E) 100000 500000 50000 D 190000 210000 145000 (C)40000 240000 2775000 400olo0 800000 B (A)110000 108000 10000 Sales Returns and Allowances 280000 Sales Discount 7000 000 Purchases 200000 00 Purchases Returns and Allow. Purchases DisCounts 20000 Freight-In Advertising Expense Rent Expense Salaries Expense 8 0lololo0 85000 1600000 |1398000 |13980000 40000 C Training Fees Earned Dep. Exp, Equipment Insurance Expense (D) 50000 (E) 35000 2095000 20950 00