Below are the balances of the accounts for Villareal & Tran, a law firm, as of December 31, 2021. Villareal & Tran, Attorneys Post-closing Trial Balance December 31, 2021 Account Debit Credit Cash 430,000 Accounts receivable 160,000 Supplies 110,000 Prepaid rent 10,000 Building 90,000 Accumulated depreciation Accounts payable 50,000 Unearned service revenue 90,000 Common stock 100,000 Retained earnings 560,000 Service revenue Salaries expense Utilities expense Rent expense Depreciation expense Totals 800,000 800,000 Required: a. How much has Villareal & Tran earned since the company was first formed? Briefly explain. b. Based on the balances in the trial balance, does it appear that Villareal & Tran have sufficient resources to pay their bills in the upcoming year? Briefly explain how you know. c. For the following transactions that happened in January 2022, do the following: i. Set up T-accounts for each of the law firm's accounts. ii. iii. Post each journal entry to the T-accounts. IV. V. Prepare journal entries to account for each transaction. Prepare a trial balance as of January 31, 2022. Prepare adjusting entries to account for the additional information given.