Ange is Mosley awns Innovetive Designa. The trisl bolance of the firm for Jenuery 31, 20X1, the first month of operetions, is shown be ow. End-of-the-month scluatment: must sccount for the following tema: a. Supples were purcheaed on Jenuery 1, 20X; Inventary of supples on Jenusry 31,20X1, is $1,450 b. The prepoid sdvertising controct wss signed on Janusry 1,201, and covers s four-month period c. Rent of $1,950 explred during the month. d. Deprecistion is computed using the stroight-line method. The equipment has an estimsted useful life of 10 yesrs weth no salvage value. Required: 1. Complete the workheet for the month. 2 Prepsere on Income ststement, statement of owner's equity, snd bolance sheet. No sdditionsl Investments were mode by the awner during the month. 3. Journolize and post the odjusting entries. Anglyze If the sdjusting entries had not been mode for the month, by what smount would net income be overstated or understated? Complete this question by entering your answers in the tabs below. Complete the worksheet far the month