After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November $30,2021,$ unadjusted trial balance of Business Solutions $($reflecting its transactions for October and November of $2021)$ follows.Number Account Title Debit Credit$101$ Cash $ $38,264106$ Accounts receivable $12,618126$ Computer supplies $2,545128$ Prepaid insurance $2,220131$ Prepaid rent $3,300163$ Office equipment $8,000164$ Accumulated depreciationOffice equipment $ $0167$ Computer equipment $20,000168$ Accumulated depreciationComputer equipment $0201$ Accounts payable $0210$ Wages payable $0236$ Unearned computer services revenue $0307$ Common stock $73,000318$ Retained earnings $0319$ Dividends $5,600403$ Computer services revenue $25,659612$ Depreciation expenseOffice equipment $0613$ Depreciation expenseComputer equipment $0623$ Wages expense $2,625637$ Insurance expense $0640$ Rent expense $0652$ Computer supplies expense $0655$ Advertising expense $1,728676$ Mileage expense $704677$ Miscellaneous expenses $250684$ Repairs expenseComputer $805901$ Income summary $0$ Totals $ $98,659$ $ $98,659$Business Solutions had the following transactions and events in December $2021.$December $2$ Paid $$1,025$ cash to Hillside Mall for Business Solutions's share of mall advertising costs.December $3$ Paid $$500$ cash for minor repairs to the companys computer.December $4$ Received $$3,950$ cash from Alexs Engineering Company for the receivable from November.December $10$ Paid cash to Lyn Addie for six days of work at the rate of $$125$ per day.December $14$ Notified by Alexs Engineering Company that Business Solutions's bid of $$7,000$ on a proposed project has been accepted. Alexs paid a $$1,500$ cash advance to Business Solutions.December $15$ Purchased $$1,100$ of computer supplies on credit from Harris Office Products.December $16$ Sent a reminder to Gomez Company to pay the fee for services recorded on November $8.$December $20$ Completed a project for Liu Corporation and received $$5,625$ cash.December $22-26$ Took the week off for the holidays.December $28$ Received $$3,000$ cash from Gomez Company on its receivable.December $29$ Reimbursed S$.$ Rey for business automobile mileage $(600$ miles at $$0\mathrm{.}32$ per mile$).$December $31$ Paid $$1,500$ cash for dividends.The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the companys first three months.The December $31$ inventory count of computer supplies shows $$580$ still available.Three months have expired since the $12-$month insurance premium was paid in advance.As of December $31,$ Lyn Addie has not been paid for four days of work at $$125$ per day.The computer system, acquired on October $1,$ is expected to have a four$-$year life with no salvage value.The office equipment, acquired on October $1,$ is expected to have a five$-$year life with no salvage value.Three of the four months' prepaid rent have expired.Required:$1.$ Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger.a$.$Paid $$1,025$ cash to Hillside Mall for Business Solutions's share of mall advertising costs.b$.$Paid $$500$ cash for minor repairs to the companys computer.c$.$Received $$3,950$ cash from Alexs Engineering Company for the receivable from November.d$.$Paid cash to Lyn Addie for six days of work at the rate of $$125$ per day.e$.$Notified by Alexs Engineering Company that Business Solutions's bid of $$7,000$ on a proposed project has been accepted. Alexs paid a $$1,500$ cash advance to Business Solutionsf.Purchased $$1,100$ of computer supplies on credit from Harris Office Products.g$.$Sent a reminder to Gomez Company to pay the fee for services recorded on November $8.$h$.$Completed a project for Liu Corporation and received $$5,625$ cash.i$.$Received $$3,000$ cash from Gomez Company on its receivable.j$.$Reimbursed S$.$ Rey for business automobile mileage $(600$ miles at $$0\mathrm{.}32$ per mile$).$k$.$Paid $$1,500$ cash for dividends$\mathrm{.}2-$a$.$ Prepare adjusting entries to reflect a through f$\mathrm{.}1.$The December $31$ inventory count of computer supplies shows $$580$ still available$\mathrm{.}2.$Three months have expired since the $12-$month insurance premium was paid in advance$\mathrm{.}3.$As of December $31,$ Lyn Addie has not been paid for four days of work at $$125$ per day$\mathrm{.}4.$The computer system, acquired on October $1,$ is expected to have a four$-$year life with no salvage value$\mathrm{.}5.$The office equipment, acquired on October $1,$ is expected to have a five$-$year life with no salvage value$\mathrm{.}6.$Three of the four months prepaid rent have expired$\mathrm{.}2-$b$.$ Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger.$($ Use different tables for each$)3.$ Prepare an adjusted trial balance as of December $31,20214.$ Prepare an income statement for the three months ended December $31,2021.$