April Mohr opened a web consulting business called Solid Systems and recorded the following transactions in its first month of operations April 1 Mohr invests $89,000 cash along with office equipent valued at $40,000 in the company in exchange for common stock. April 2 The company prepaid $10,800 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $3,100 in office equipment and $4,000 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received 57,600 cash. April 9 The company completed a $20,000 project for a client, who sust pay within 30 days. April 13 The company paid $12,100 cash to settle the account payable created on April 3. April 19 The company paid $3,120 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. April 22 The company received $4,500 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $6,700 on credit. April 28 The company paid $5,900 cash in dividends. April 29 The company purchased $3,400 of additional office supplies on credit, April 30. The company paid $2,700 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $10,800 cash for twelve months rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April 1. c) Office Supplies on hand as of April 30 total $1,600 d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value, is $650 per month e) The company has completed work for a client, but has not yet billed the $2,600 fee Wages due to employees, but not yet paid, as of April 30 total $3.000 Unadjusted SOLID SYSTEMS Balance Sheet April 30, 2022 ASSETS Current assets: Plant assets: LIABILITIES AND EQUITY Liabilities: Equity