can you help prepare the Adjusting Journal Entries required for the 2020 fiscal year at December 31, 2020.

NATTIE CORPORATION Version 1 for Section 1 UNADJUSTED TRIAL BALANCE DECEMBER 31, 2020 ACCOUNTS DEBIT CREDIT CASH 36,868 FV-NI Short Term INVESTMENTS 30,300 ACCOUNTS RECEIVABLE 425,755 ALLOWANCE FOR DOUBTFUL ACCOUNTS 8,400 INVENTORY 402,912 NOTES RECEIVABLE 30,000 OFFICE BUILDING 500,000 ACCUMULATED DEPRECIATION (OFFICE BUILDING) 280,000 OFFICE EQUIPMENT 120,000 ACCUMULATED DEPRECIATION (OFFICE EQUIPMENT) 0 ACCOUNTS PAYABLE 205,258 DIVIDENDS PAYABLE 7,328 NOTES PAYABLE 60,000 PREFERRED STOCK, 30,000 OUTSTANDING ON DECEMBER 31, 2020 100,000 COMMON STOCK, 100,000 ISSUED and OUTSTANDING ON DEC 31, 2020 185,000 RETAINED EARNINGS 280,623 ES REVE 3,590,524 SALES DISCOUNTS 20,571 SALES RETURNS AND ALLOWANCES 51,259 PURCHASES 2,600,824 PURCHASES DISCOUNTS 35,678 TRANSPORTATION - IN 25,235 SALARIES EXPENSE 320,523 RENT EXPENSE 40,955 INSURANCE EXPENSE 16,456 SUPPLIES EXPENSE 25,673 GAIN ON SALE OF ASSETS OF DISCONTINUED ACTIVITY 13,650 ADVERTISING EXPENSE 18,860 OPERATING LOSS ON DISCONTINUED OPERATIONS 21,998 TELEPHONE EXPENSE 28,540 CASH DIVIDENDS DECLARED -Preferred Dividends 29,732 CASH DIVIDENDS DECLARED -Common Dividends 20.000 TOTAL 4,766,461 4,766,461NOTE: All revenue, expense, gain and loss figures above are before tax. This company uses a Periodic Inventory system. ADDITIONAL INFORMATION 1. There was a customer that has gone bankrupt in 2020 and will not pay his $4580 account. The write off has not been recorded yet. Also, NATTIE Corp. uses the allowance method to record Bad Debts based on an estimate of 5% of the Ending Accounts Receivable. 2. The Office Building is depreciated using the declining balance method at a rate of 4% of NET BOOK VALUE per year. 3. The Office Equipment is depreciated straight line and has a residual value of $6,000 . It was purchased on May 1, 2020 and it is estimated to have a useful life of 5 years. 4. On December 1, 2020, a customer signed a 5% note receivable for $30,000 due in 90 days. 5. FV- NI Short term investments have a fair market value of $32,300 on December 31, 2020. Investments need to be recorded at fair market value at year end and any gain or loss is recorded on the Income Statement. 6. The insurance expense includes : Policy A, cost of $12,700, three year term, paid in advance on April 1, 2020 AND Policy B, cost of $3,756, two year term paid in advance on June 1, 2020. 7. The company performed a year end physical count of its inventory as at December 31, 2020. The amount of inventory on hand at December 31, 2020 amounted to $415,700. Inventory is maintained on a PERIODIC basis. Therefore the year end inventory adjustment is required. 8. A one year 6% note payable of $60,000 was signed on August 31, 2020. REQUIRED: Prepare the Adjusting Journal Entries required for the 2020 fiscal year at December 31, 2020