3. Skyline Motel opened for business on May 1, 2017. Its trial balance before adjustment on May 31 is as follows. SKYLINE MOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 3,500 Supplies 2,080 Prepaid Insurance 2.400 Land 12,000 Buildings 60,000 Equipment 15.000 Accounts Payable $ 11,180 Unearned Rent Revenue 3,300 Mortgage Payable 40,000 Common Stock 35,000 Retained Earnings 0 Rent Revenue 10.300 Maintenance and Repairs Expense 60O Salaries Expense 3,300 Utilities Expense 900 Totals $99,780 $99.780 Other data: 1. The prepaid insurance is a one-year policy effective on May 1, 2017. 2. A count on May 31 shows $750 of supplies on hand. 3. Annual depreciation is $3,000 on the buildings and $1,500 on the equipment. 4. Interest accrued on the mortgage note payable as of May 31 is $400. 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries of $750 are accrued and unpaid at May 31. Instructions (a) Journalize the adjusting entries on May 31. (b) Post the entries to T-accounts. (c) Prepare an adjusted trial balance. (d) Compute the following: 1. Net Income 2- Ending Retained Earnings 3. Total Assets Total Liabilities Total Stockholders' Equity