ce of the firm for January 31, 2019, the first month of operations, is shown Paula Judge owns Judge Creative Designs. The trial balan below End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $800. b. T he prepaid advertising contract was signed on January 1, 2019, and covers a four-month period c. Rent of $1,300 expired during the month. on is computed using the straight-line method. The equipment has an estimated useful life of 10 years with no salvage value Required: 1. Complete the worksheet for the month. 2. Prepare an income statement, statemen t of owner's equity, and balance sheet. No additional investments were made by the owner during the month. 3. Journalize and post the adjusting entries Analyze f the adjusting entries had not been made for the month, would net income be overstated or understated? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Inc Req 2 Stmt of Req 2 Bal Req 3 Gen Req 3 Ledgers Analyze Stmt ?? Sheet ournal Prepare an income statement. JUDGE CREATIVE DESIGNS Income Statement Month Ended January 31, 2019 Revenue