A list of transactions and adjustments for January 2022 are provided below. Prepare a journal entry for each transaction and adjustment. Remember to use proper form. . Post the transactions and adjustments to the T accounts. Calculate the ending balance for each T account. Draw a line and properly show the ending balance in each T account. Prepare a complete and correct adjusted trial balance and set of financial statements (income statement, statement of retained earnings, and balance sheet) as of January 31, 2022. January 2022 Business Transactions On 1/1, Proper Bagel issued shares of common stock for of $75,000 total. On 1/1, Proper Bagel borrowed $30,000 cash from a local bank. The loan is due 12 years. On 1/1, Proper Bagel purchased equipment for $60,000 cash. On 1/2 Proper Bagel paid $6,000 in cash to rent a building until March 31. On 1/2 Proper Bagel paid $1,200 in cash on January 1 2022 for an insurance poli expected to expire on 6/30/2022. On 1/3, Proper Bagel purchased $10,000 of supplies on account. On 1/4, Proper Bagel paid $250 for advertising. On 1/15, Proper Bagel performed $36,000 of services. Half was collected now; other half was billed. On 1/20, Proper Bagel collected $12,000 in cash from a customer for work to performed and finished by April 1". On 1/25, Proper Bagel paid $5,500 to a vendor for purchases made on January 3rd On 1/30, Proper Bagel received a utility bill for $200 that won't be paid until Marc On 1/31, Proper Bagel declared and paid a cash dividend of $2,000. Adjusting Entries as of January 31, 2022: The equipment purchased on January 1st is expected to last ten years. Proper Bagel owed, but did not pay, $12,000 for wages. Proper Bagel recorded the expiration of one month's rent. As of the end of January 2022 Proper Bagel performed one-third of the services which it had been paid in advance. An analysis of the supply closet indicating that $3,600 of supplies were on har January 31st 01400 Proper Bagel recorded the expiration of one month's insurance. The loan signed on January 1st has an annual interest rate of 10% payable at the of each year.