Add the new balances as "Adj. Bal 4 Prepare an adjusted trial balance 5 Prepare an income statement, a statement of owner's equity (no additio nal inves were made during the year), and balance sheet. 6 Journalize and post the closing entries. Identify the closing entries as 7. Prepare a post-closing trial balance OBJ. 2, 3 ouos tial balance of Lakota Freight Co. at March 31, 2019, the end of the year, follows: Ledger accounts, adjusting entri PR 4-4A and closing entries; optional spreadsheet The Lakota Freight Co. Excel March 31, 2019 Credit Balances Account Debit Balances 12,000 30,000 No. Cash Supplies Prepaid Insurance.. Equipment 13 16 18 110,000 25,000 60,000 Accumulated Depreciation-Trucks. Accounts Payable 15,000 4,000 96,000 31 32 15,000 160,000 51 45,000 53 10,600 54 9,000 Miscellaneous Expense 59 4800 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at March 31 are $7,500. b. Insurance premiums expired during the year are $1,800 300000 300.000 300,000 c. Depreciation of equipment during the year is $8,350. d. Depreciation of trucks during the year is $6,200. e. Wages accrued but not paid at March 31 are $600