Additional Information: 0 Two insurance policies were acquired and take effect this month: 0 Fire Insurance: P50,000 for four years 0 Theft Insurance: P18,000 for two years 0 Supplies on hand on March 31 at cost are P6,900, including unpaid supplies of P6,000 delivered and billed to the company March 30, which was not recorded. 0 P4,200 will be paid to workers on April 10 (for overtime work in the last week of March). 0 4 weeks repair work for P28,000 was paid on March 1, which was recorded as a liability. Happy started the repair work 2nd week of March. He charges repair works evenly for the month. a Loan was acquired March 1 of this year, at 12% interest per annum. Interest is payable every March 1 starting next year. Loan is payable in full after 4 years. 0 Happy will do 10 days' work from March 27- April 5 for P3,600 or P360 per day. Full payment for the service will be paid April 5. 0 Utilities Expense includes P9,000 paid for utility consumption by the owner for his own home. :- Wages Expense includes P1,200 given to an employee who asked for an advance for his April wages. - Two pieces of equipment were purchased in March this year. One was purchased March 1, for P35,000 with P5,000 residual value and 5 years useful life. Another equipment was acquired March 25 for P29,000 with 0 residual value and 3 years useful life. Required: Use all information provided above to prepare the following for the month ending March 31 of the current year: :- Adjusting journal entries necessary to bring all accounts to their correct ending balances, use the alphabet to identify your entries. 0 Adjusted Trial Balance 0 Income Statement