Freeman \& MeColl (F.M ) Consulting Services, Ine, presents the following accrual-based income statements for fiscal years 2021 and 2022 , and ending balances in accounts receivable, prepaid insurance, salaries payable, and utitities payable at the end of each of the years 2020 . 2021 , and 2022 . In addition to this information, FaM made an insurance payment of $45,000 at the beginning of 2020 (yes, 2020, NOT 2021) that covers three years, 2020, 2021, and 2022 . Required: 1. Prepare income statements on the accrual basis of accounting for 2021 and 2022 (template below). 2. Prepare income statements on the cash basis of accounting for 2021 and 2022 (template below). 3. Show the accrual-based journal entries (grid next page) related to service revenue, salaries, insurance, and utilities for 2021 and 2022 (this should help you with \#4). 4. Show t-accounts for accounts receivable, prepaid insurance, salaries payable, and utilities payable from January 1, 2021 through December 31, 2022 (two years). T-accounts provided on next page. Detwit To record serwice rownue in 2071 To recond collection of account receivable in 2021 To recond service reverue in 2032 To record collection of accounts receivable in 2022 To record salaries expense in 2021 To recond payment of salaries in 2021 Account receivable Prepaid invurance Prepaid insurance Salaries payable Utilities payable