c. As of the end of the year, Chris Douglas has not been paid for 14 days of work at the rate of $240 per day. d. The computer equipment is expected to have a two-year life with no residual value. e. The office equipment is expected to have a five-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31,2020. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31,2020 . c. As of the end of the year, Chris Douglas has not been paid for 14 days of work at the rate of $240 per day. d. The computer equipment is expected to have a two-year life with no residual value. e. The office equipment is expected to have a five-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31,2020. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31,2020