Following is the unadjusted trial balance of Ben's Jewelers on December 31, 20X1. BEN'S JEWELERS Cash Accounts Receivable Trial Balance December 31, 201 $ 13,050 Dr. 49,900 Dr. Allowance for Doubtful Accounts Merchandise Inventory Store Supplies Office Supplies Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable 2,000 Cr. 105,900 Dr. 4,230 Dr. 2,950 Dr. 113,590 Dr. 13,010 Cr. 27,640 Dr. 4,930 Cr. 4,390 Cr. Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Ben Waites, Capital Ben Waites, Drawing Income Summary Sales 166,310 Cr. 30,000 Dr. 862,230 Cr. Sales Returns and Allowances 7,580 Dr. Purchases 504,810 Dr. Purchases Returns and Allowances 4,240 Cr. Purchases Discounts 10,770 Cr. Freight In Salaries Expense-Sales Rent Expense Advertising Expense 7,000 Dr. 75,950 Dr. 35,500 Dr. 12,300 Dr. Store Supplies Expense Depreciation Expense-Store Equipment Salaries Expense-Office Uncollectible Accounts Expense Payroll Taxes Expense Office Supplies Expense Depreciation Expense-Office Equipment 77,480 Dr. Required: 1. Complete the worksheet. a.-b. Ending merchandise inventory, $98,700. c. Uncollectible accounts expense, $1,000. d. Store supplies on hand December 31, 20X1, $625. e. Office supplies on hand December 31, 20X1, $305. f. Depreciation on store equipment, $11,360. g. Depreciation on office equipment, $3,300. h. Accrued sales salaries, $4,000, and accrued office salaries, $1,000. i. Social security tax on accrued salaries, $326; Medicare tax on accrued salaries, $76. (Assumes that tax rates have increased.) j. Federal unemployment tax on accrued salaries, $56; state unemployment tax on accrued salaries, $270. 2. Journalize the adjusting entries on December 31, 20X1. 3. Journalize the closing entries on December 31, 20X1. 4. Compute the following: a. net sales b. net delivered cost of purchases c. cost of goods sold d. net income or net loss e. balance of Ben Waites, Capital on December 31, 20X1. Analyze: What change(s) to Ben Waites, Capital will be reported on the statement of owner's equity?