Data for adjusting journal entries are as follows: I. Supplies of $3 were counted on December 31,2020 m. Depreciation for 2020,$4 n. Accrued interest on notes payable $1 o. Wages incurred since the December 27 payroll not yet paid, $3 p. Income tax for 2020 was $4 and will be paid in 2021 Required: 1. Setup T-accounts for the accounts on the trial balance and enter beginning balances. 2. Record journal entries for transactions (a) through (k) and post them to the T-accounts. 3. Prepare and unadjusted trial balance. 4. Record and post the adjusting journal entries (I) through (p). 5. Prepare an adjusted trial balance 6. Prepare an income statement, statement of retained earnings and balance sheet. 7. How much net income did MacNeil's Eye Clinic generate during 2020? Is the company financed primarily by liabilities or shareholders' equity? Data for adjusting journal entries are as follows: I. Supplies of $3 were counted on December 31,2020 m. Depreciation for 2020,$4 n. Accrued interest on notes payable $1 o. Wages incurred since the December 27 payroll not yet paid, $3 p. Income tax for 2020 was $4 and will be paid in 2021 Required: 1. Setup T-accounts for the accounts on the trial balance and enter beginning balances. 2. Record journal entries for transactions (a) through (k) and post them to the T-accounts. 3. Prepare and unadjusted trial balance. 4. Record and post the adjusting journal entries (I) through (p). 5. Prepare an adjusted trial balance 6. Prepare an income statement, statement of retained earnings and balance sheet. 7. How much net income did MacNeil's Eye Clinic generate during 2020? Is the company financed primarily by liabilities or shareholders' equity