Additional information: a. The balance on January 1, 2020, in the Store Supplies account was $480. During the year, $1,235 of store supplies were purchased and debited to the Store Supplies account. A physical count on December 31, 2020, shows an ending balance of $180. b. The balance on January 1, 2020, in the Office Supplies account was $50. Office supplies of $595 were purchased in 2020 and added to the Office Supplies account. An examination of the office supplies at year-end revealed that $590 had been used. The balance in the Prepaid Insurance account represents a policy purchased on September 1, 2020; it was valid for 12 months from that date. C. d. The store equipment was originally estimated to have a useful life of 12 years and a residual value of $3,615. When the office equipment was purchased, it was estimated that it would last four years and have no residual value. f. Ending merchandise inventory, $29,000. e. Required 1.Analyze and determine the impact of the adjustments from (a) to (f) on the unadjusted trial balance and prepare adjusted trial balance. (7.5 marks) 2. Prepare a multiple-step income statement using your adjusted trial balance numbers. (5 marks) Information from the December 31, 2020, year-end unadjusted trial balance of Woodstock Store is as follows Debit Credit Cash $ 3,500 Merchandise inventory 31,400 1715 645 2960 57,615 Store supplies Office supplies Prepaid insurance Store equipment Accumulated depreciation, store equipment Office equipment Accumulated depreciation, office equipment Accounts payable Zen Woodstock, capital $ 6,750 13.100 6,550 4,000 52.000 Zen Woodstock withdrawals 31,500 Rental revenue 24600 Sales S0320 Sales retours and allowances 2955 Sales Discounts 190 Purchases Purchase returns and lowances Parasesteents 4000 Transportation in Sales salaries pense Rent expense, selling space Achberg egense Store supplies expense Depreciation experie store scuipment Officeries expert PER Depende office space Office supplies-expense Insurance expense Depreciation expenses, office equipment Total $8920755 Additional information