D Inc. incorporated on January 1, 2021 and has a December 31st fiscal year-end. 1. DEF Inc. opened its doors on January 1, 2021 with a $2,000,000 equity investment. 2. DEF Prepaid two years of rental space in the amount of $78,000 on January 1, 2021. 3. DEF purchased manufacturing equipment for $350,000 on July 1 2021. The equipment was expected to have a useful life of 5 years from the date of purchase and no residual value. 4. Purchases of inventory amounted to $750,000. 5. Operating expenses (excluding rent, salaries and depreciation) amounted to $185,000. 6. Salaries expense amounted to $180,000 for the year. $40,000 of this amount was unpaid at year end. 7. DEF took out a bank loan on October 1st, 2021 in the amount of $450,000. The loan bears interest at rate of 6.5% per year. No interest had been paid by the end of the year. 8. The company sold 65% of its inventory for $850,000 during the year. $69,000 of sales were still owing at year end. Task 1: Prepare the journal entries to the right on this sheet for the above transactions. Task 2: Prepare the unadjusted trial balance for DEF Inc. as at December 31, 2021. Task 3: Prepare all required adjusting journal entries. Task 4: By adding the adjusting entries you created in Step 5 to your Trial Balance in Step 4, prepare an adjusted trial balance as at December 31, 2021. Task 5: Prepare an income statement and balance sheet for/as at December 31, 2021. . Assume the following facts: DEF used $9,000 of office supplies during the year. No depreciation has yet been taken on the manufacturing equipment, so you must record it. No interest has yet been recorded on the loan. You must record it. No adjustment has een made for prepaid rent