apple-conve Body Text Dulu Emph Header Head III. An unadjusted trial balance dated December 31, 2020, follows. Based the given adjusting entries, prepare Income Statement for the enterprise. (20 points, 2 point each) STILLMORE INVESTIGATIONS Unadjusted Trial Balance Adjusted Trial Balance For the Year Ended December 31, 2020 Cash $40,585 540,585 Accounts receivable 2.000 3,500 Office supplies 205 110 Prepaid rent 1,200 900 Unexpired insurance 270 180 Office Equipment 54,000 54,000 Accumulated depreciation: Office cquipment 35,250 $36,000 Accounts payable 1,400 1,400 Interest payable 360 420 Income taxes payable 1,750 2,350 Note payable 9,000 9,000 Unearned retainer foes 3.500 1.000 Salaries payable 1,900 Capital stock 30,000 30,000 Retained earnings 8,000 8,000 Dividends 1,000 1,000 Client fees camed 60,000 64.000 Office supplies expense 605 7001 Depreciation expense: Office equipment 8,250 9,000 Rent expense 5.775 6,075 Insurance expense 1,010 1.100 Salaries expense 27.100 29.000 Interest expense 360 420 Income tax expense 6.900 7.500 Totals $149,260 $149,260 $154,070 5154,070 o-conv Body Text Default Emphasis Header Heading 1 Heading 2 Nigh-light-bg Normal 2018 Dec. 1,500 1,500 STILLMORE INVESTIGATIONS General Journal (Adjusting Entries) (1) 31 Accounts Receivable Client Fees Earned To record accrued revenue in Dec. (2) 31 Uncamed Retainer Fees Client Fees Eamed To record advance collections earned in Dec. (3) 31 Office Supplies Expense Office Supplies To record supplies used in Dec. (5205 - SI10). 2,500 2,500 95 981 750 750 300 300 90 90 31 Depreciation Expense: Office Equipment Accumulated Depreciation Office Equipment To record depreciation expense in December (5) 31 Rent Expense Prepaid Rent To record office rent in Dec (6) 31 Insurance Expense Unexpired Insurance To record December insurance expense in Dec. 7 31 Salaries Expense Salaries Payable To record salaries expense accrued in Dec (8) 31 Interest Expense Interest Payable To record accrued interest expense in Dec (9) 31 Income Taxes Expense Income Taxes Payable To record income taxes accrued in Dec 1.900 1,900 60 60 600 600 For the Year Ended December 31, 2018 Client fees earned Office supplies expense $64,000 9,000 Rent expense 1,100 Salaries expense 420 Income taxes expense 53,795 Net Income