Following is the unadjusted trial balance of Lance Corporation at the end of its first year of operations, December 31, 2022: Acc. No. Account 101 Cash Debit $ 10,000 Credit 110 Accounts receivable 161 Prepaid insurance 173 Unused supplies 184 Machine 194 Acc. dep. - Machine 30,000 7,200 15,000 80,000 $ 210 Accounts payable 20,000 226 Salaries payable 248 Unearned rent revenue 260 Income taxes payable -0- 9,000 3,000 320 Share capital 31,200 350 Dividends 8,000 410 Commissions earned 440 Rent earned 200,000 -0- 610 Advertising expense 615 Commissions expense 624 Dep. expense-truck 631 Insurance expense 632 Interest expense 654 Rent expense 656 Salaries expense 668 Supplies expense 20,000 15,000 -0- -0- 6,000 18,000 50,000 -0- 669 Telephone expense 830 Income taxes expense 1,000 3,000 Total The following additional information is available: $263,200 $263,200 Prepaid insurance is for a 1-year insurance policy purchased on October 1". a. b. A physical count indicates that $3,000 of supplies is still on hand at December 31. c. d. The Machine was purchased on January 1 of this year and has an estimated useful life of 10 years. Use straight-line depreciation. Our employees worked the last week of December and earned $5,000. They will be paid in the next pay period which lands in January. The balance in the Unearned Rent Revenue account represents six months rental of parking space, effective November 1", e. f. A $3,000 bill for December telephone charges has not yet been recorded. g. Income taxes expense for the year is $10,000. This amount will be paid in the next fiscal year. Required: 1. Prepare all necessary adjusting entries on December 31, 2022, including general ledger account numbers. 2. Prepare an adjusted trial balance on December 31, 2022. 3. Prepare an income statement, statement of changes in equity, and statement of financial position. 4. Prepare closing entries for end of year. 5. Prepare a post-closing trial balance.