Following is the trial balance of ABC Pte Ltd at 30 June 2021 before any adjusting entries have been made. Account Title Debit (S) Credit (S) Cash 15,300 Share capital 50,000 Prepaid rent 3,000 Prepaid insurance 9,000 Office supplies 1,000 Accounts payable 1,500 Office furniture 20,000 Unearned service revenue 5,000 1,900 34,100 Advertising expense Service revenue Salary expense Rental expense 35,400 5,000 Additional information: (i) Prepaid insurance represents premiums for 1 year paid on 1 January 2021. (ii) Supplies of $600 were on hand on 30 June 2021. (iii) Office furniture, which had been purchased on 1 January 2021, is expected to last 10 years. (iv) $4,000 of the $5,000 unearned service revenue had been earned on 30 June 2021. (v) Accrued salaries not recorded as at 30 June 2021 are $3,000. Required: (a) Record in the general journal the necessary adjusting entries on 29 Feb 2020. Narration required. (b) Prepare the Statement of Financial Position of ABC Pte Ltd as at 31 December 2020