Corp. prepared draft financial statements for the year to 30 September 2020. These showed a net income before tax figure of $60,000. The mpany is now in the process of finalizing the financial statements and has asked that you review the following information 1. The company recorded a debit entry to its insurance account for the insurance on its new building - see below. The amount paid was 52,40 and relates to the year ended 31 December 2020. The credit entry was to cash. 2. All interest pertaining to the year was expensed. However, the company realizes it could have capitalized $18,000 of interest an a building it constructed during the year and would now like to do so. This building is being depreciated over 40 years on a straight-line basis and a full year's depreciation was included for the year to 30 September 2020. 3. The actual inventory on hand at the year-end was $104,000, based on a count - the amount included in the draft balance sheet was $110,000, 4. The revenue/sales figure in the draft income statement included $17,500 which was received in advance for work that has yet to be carried out. 5. A bad debt provision of 12,000 is required at the year-end. This is the first year the company needs such a provision and none was included in the draft financial statements Required: a. Prepare adjusting journal entiles, as needed for the items outlined above b. Determine the revised net income before tax figure for the year please show all workings dearly