Fortune Inc. prepared the following unadjusted trial balance at the end of its third year of operations ending December $31\mathrm{.}5$Account Titles$6$ Cash$7$Accounts Receivables$8$ Prepaid Rent$9$ EquipmentDebitCredit$$12\mathrm{.}0006,0002,40021\mathrm{.}00010$ Accumulated Depreciation$11$ Accounts Payable$$1,0001,00012$ Income tax payable$13$ Common stock$14$ Retained earnings$15$ Sales revenue$24\mathrm{.}8002\mathrm{.}10050\mathrm{.}00016$ Salaries and Wages$17$ Utilities$25\mathrm{.}00012,50018$ Rent$19$ Depreciation expense$20$ Income tax expense$21$ Total$$78,900$ $$78,9002223$ Other data not yet recorded at December $31$:$2425$ a$.$ Rent expired during the year, $$1,20026$ b$.$ Depreciation expense for the year, $$1,00027$ c$.$ Utilities used and upaid, $$9,00028$ d$.$ income tax expense, $$3902930$ You are required to:$31321.$ Indicate the accounting equation effects of each required adjustment$\mathrm{.}332.$ Prepare the adjusting jounal entries required at December $31\mathrm{.}343.$ Prepare an Adjusted Trial Balance as of December $31\mathrm{.}354.$ Compute the amount of Net Income using:$36$ a$.$ the preliminary $($unadjusted$)$ numbers and$37$ b$.$ the final $($adjusted$)$ numbers.