2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $4 b. Accrued salaries, $7 c. The $13 of unearned revenue has been earned d. Supplies available at December 31, $20 e. Expired insurance, $16 3. 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 Partial Work Sheet For the year ended December 31 Balance Sheet and Statement of Retained Earnings Cr. Dr. Cr. Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cash $ 26 Accounts receivable 15 Supplies 30 Prepaid insurance 20 Equipment 41 Accum. depreciation-Equip. $ 17 Accounts payable 7 Salaries payable Unearned revenue Common stock Retained earnings Dividends Services revenue 13 16 34 8 85 Depreciation expense-Equip. Salaries expense 19 Insurance expense Supplies expense Utilities expense 13 $ 172 $ 172 Totals Net income Totals