a Abdul PREPARATION OF WORKSHEET AND FINANCIAL STATEMENTS The unadjusted trial balance of M. Gapol Company for December 31, 2008 follows: P 504,000.00 P 789,000.00 P 144,000.00 P 357,000.00 P 530,000.00 P 1,250,000.00 Accounts Receivable Prepaid Rent king Supplies Accumulated Depreciation Building - Cooking Equipment Accumulated Depreciation Cooking Equipment Notes Payable Accounts Payable Gapol, Capital Gapol, Withdrawal Gourmet Cooking Revenue Salaries Expense Travel Expense Advertising Expense P 413,000.00 P 870,000.00 P 212,000.00 P 1,400,000.00 P 117,000.00 1,435,000.00 P 240,000.00 2,256,000.00 P 619,000.00 P 127,000.00 P 215,000.00 P 40,000.00 P 102,000.00 P 46,000.00 P 5,833,000.00 5,833,000.00 Utilities Expense Miscellaneous Expense Totals Additional information: a. One-half of the prepaid rent has expired b. Cooking supplies on hand at year-end amounted to P20,000.00 c. Depreciation on the building and on the cooking equipment amounted to P28,000.00 and P52,000.00, respectively d. Accrued salaries at year-end amounted to P27,000.00 e. Interest amounting to P250,000.00 has accrued on notes payable. Interest on the note is paid every Jan.1. The note matures on January 1, 2009. REQUIRED 1. 2. 3. Prepare the adjusting entries and complete the worksheet. Prepare the income statement, statement of changes in equity, and balance sheet. Prepare the Financial Analysis on items applicable