Adjustment data at December 31, 2020: a. Accrued service revenue at December 31, $3,880. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,300 relates to the period December 1, 2020 through February 28, 2021. c. Supplies used during December, $1,800. d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. e. Accrued salary expense at December 31 for Monday, Tuesday and Wednesday. The five-day weekly payroll of $14,000 will be paid on Friday. For the purpose of this calculation, assume December 31 falls on a Wednesday. Consider the unadjusted trial balance of Spateness, Inc. at December 31, 2020, and the related month-end adjustment data. (Click the icon to view the month-end adjustment data.) Requirements 1. Prepare the adjusted trial balance of Spateness, Inc. at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Requirement 1. Using the worksheet, prepare the adjusted trial balance of Spateness, Inc., at December 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. Calculate the total debits and credits. Then calculate the adjusted balance of each account and total the debit and credit columns in the adjusted trial balance. Spateness, Inc. Trial Balance Work Sheet December 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Choose from any list or enter any number in the input fields and then continue to the next question. Account Debit Credit Debit Credit Debit Credit 8,600 Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated depreciation-furniture 1,000 3,300 2,100 63,000 3,000 3,600 Accounts payable Salary payable Common stock Retained earnings Dividends Service revenue Salary expense 10,000 45,250 4,200 23,300 2,500 450 Rent expense Utilities expense Depreciation expense-furniture Supplies expense Total 85,150 85,150 Requirement 2. Prepare the single-step monthly income statement, the statement of retained earnings, and the classified balance sheet. Begin by preparing the income statement. (If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Review the adjusted trial balance completed in Requirement 1. Spateness, Inc. Income Statement Month Ended December 31, 2020 Now prepare the statement of retained earnings. (Include a subtotal after the "Add" line of the statement.) Review the adjusted trial balance completed in Requirement 1. Spateness, Inc. Statement of Retained Earnings Month Ended December 31, 2020 Add: Subtotal Less: Finally, prepare the balance sheet. (If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Spateness, Inc. Balance Sheet December 31, 2020 Assets Liabilities Stockholders' Equity Less