Dr. Sheldon Cooper, a theoretical physicist, began his consulting practice on December 1, 2020. The transactions of the firm are as follows: Dec. 1 Dec. 2 Dec. 2 Dec. 3 Dec. 8 Dec. 14 Dec. 20 Dec. 28 Dec. 30 Dec. 31 Sheldon invested P150,000 cash in the professional practice Paid rent for December to Pasadena Realty, P8,000 Purchased supplies on account, P10,000 Acquired P75,000 of office equipment, paying P37,000 downpayment with the balance due in 30 days Paid 7,200 on account for supplies purchased Paid assistant's salaries, P6,000 Performed consulting services for cash P20,000 Paid assistant's salaries, P6,000 Billed clients for December consulting services, P48,000 Sheldon withdrew P12,000 from the business. The following information required adjustments by yearend: a. Supplies on hand at Dec. 31 amounted to P4,700 b. Salaries of P1,800 have accrued at month-end c. Depreciation is P800 for December d. Sheldon has spent 20 hours on a research project during December. When completed in January 2021, his work will be billed at P500 per hour. Note: the firm uses the account fees receivable to reflect the amounts earned but not yet billed. Open the following general ledger accounts: Cash; Accounts Receivable; Fees Receivable; Office Equipment; Accumulated Depreciation; Accounts Payable; Salaries Payable; Cooper, Capital; Cooper, Withdrawals; Income Summary; Consulting Revenues; Salaries Expense; Supplies Expense; Rent Expense; and Depreciation Expense. QUESTION 1: What is the ending balance of the following accounts after the adjustments have been made, but prior to closing? (1.5 points each) A. Cash B. Accounts Receivable C. Fees Receivable D. Supplies E. Office Equipment (Net of Depreciation) F. Accounts Payable G. Salaries Payable H. Salaries Expense I. Supplies Expense J. Rent Expense K. Cooper, Capital net of Withdrawals L. Consulting Revenues QUESTION 2: How much is the trial balance after the adjustments have been made, but prior to closing? (3 points) QUESTION 3: How much is the Net Income that should appear in Dr. Cooper's Income Statement as of December 31, 2020? (3 points) QUESTION 4: How much is the trial balance after adjustments and closing entries have been made? (3 points) QUESTION 5: What is the amount of Total Capital that should appear in Dr. Cooper's Statement of Financial Position as of December 31, 2020? (3 points)