(a) Faccino Club is a limited company. It recruits members who are interested in making leather bags by hand and it also sells leather goods. The company normally adjusts its books on a monthly basis and its financial year ends on 31 December. However, some of the accounts are not being updated on time. Below is its unadjusted trial balance as at 31 December, 2012 together with the information (i) to (vii) that requires updating in the accounts. (i) On 1 April Faccino received annual membership fees of $36,000 from its members for the period up to the end of March, 2013. After recording this transaction, no adjustment had been updated in its books. (ii) Besides, the $2,000 membership fees receivable was money owed by its members covering the membership period from 1 April, 2011 to 31 March, 2012. The full amount was collected on 31 December, 2012. (iii) The $30,000 notes receivable was money lent to Prosperous Co. by Faccino on 1 January, 2012 at 5% yearly interest rate. Faccino received all outstanding interest and principal on 31 December, 2012. Adjustments are not up-to-date. (iv) During the year Faccino paid for its First insurance plan covering the period from 1 March, 2012 up to the end of February, 2013. Adjustments were only made up to 31 October, 2012. (v) Customer A purchased goods from Faccino in the amount of $6, 450, with terms 2/10, net 30, FOB shipping point and the buyer paid for $500 freight cost. This transaction had already been recorded in the books. On 31 December the customer took up the discount and paid before the discount due date. (vi) Office equipment was bought on 1 February, 2010 at a cost of $24,000 with a 5-year useful life and no residual value. The Company adopts a straight-line depreciation method but depreciation expense had not been accrued up-to-date. (vii) As the business was expanding, during the year the Company issued another 5,000 shares at $10 each. This transaction had not been recorded. Required: (a) Journalize the entries required for items (i) to (vii) above so as to update Faccino's books for the financial year ending 31 December, 2012. (b) Prepare the Statement of Comprehensive Income for the Company for the year ending 31 December, 2012. (c) Prepare the Stockholders' Equity section for the Company as at 31 December, 2012