9 12 The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $50,900 on June 30 of the prior year, and the owner invested $26,000 cash during the current fiscal year ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 oints Number Account Title 101 Cash Debit $ 17,500 Credit 126 Supplies 128 Book 167) 168 201 Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable 9,500 5,000 142,300 $ 22,000 6,000 Print 203 Interest payable 0 200 Rent payable 0 210 Wages payable e 213 Property taxes payable 251 Long-term notes payable 30,000 References 301 V. Ace, Capital 76,900 302 V. Ace, withdrawals 29,500 403 Construction revenue 141,000 612 Depreciation expense-Equipment 623 Wages expense 43,000 633 Interest expense 3,300 637 Insurance expense 640 Rent expense 15,000 652 Supplies expense 683 Property taxes expense 4,900 634 Repairs expense 2,400 690 Utilities expense 3,500 Totals $275,900 $275,900 Adjustments: a. Supplies available at the end of the current fiscal year total $3.420 b. Cost of expired insurance for the current fiscal year is $3.150 c. Annuel depreciation on equipment is $8,500 d. June utilities expense of $590 is not included in the unedjusted trial balance because the bill arrived after the trial balance was prepared. The $590 amount owed must be recorded. e. Employees have earned $2,000 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $300 g. Additional property taxes of $800 have been assessed for this fiscal year but have not been paid br recorded at focal year-end. h. $300 of accrued interest for June has not yet been paid oc recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year starting with the unadjusted trial belance and including adjustments using the above additional information 26. Prepare the adjusting entries located June 30 2b. Prepare the closing entries (at dated June 30) 3s. Prepare the income statement for the year ended June 30 3b. Prepare the statement of owner's equity for the year ended June 30 3c. Prepare the classified balance sheet et June 30