Graded Homework (10%) - Adjusting Entries, Trial Balance and financial statements Altaadol Consultancy and training provides consultancy and training services for small and medium companies. They have a fiscal year that end on October 31. 22 The below trail balance has been extracted from their books before the year end, and the following transactions has occurred during the year: a. On March 1.22, the company paid BD36,000 in advance for in insurance coverage that have started immediately and would cover 3 years in the future. b. On June 1.22, the company has additionally bought BD 2,200 of supplies. A year end count of supplies showed BD 15,300 of used supplies. c. On February 1,22, the company bought a vehicle for BD12,000. The company assumed to be using the car for five years and to sell it end of the eighth year for BD1,400. d. On August 31, the company received 12,000 from a client for a consulting service that will be provided during the next 8 months. e. On October 1, the company provided a training service for Alamal trading. The training spans over the period of 3 months, and the company sent a BD6,000 bill for Alamal requesting them to pay at the end of the training period. Assuming the company closes their books on October 31. 22. A. Prepare the necessary journal entries for each upcoming transaction. (5%) B. Use the adjusted trial balance to prepare the a. Income statement, (2%) b. Statement of owner's equity (3%), and a c. statement of financial position (3%) - Report the Long-term assets at Book Value/each. (2%) HINT: not all accounts are listed in the current trial balance. You need to add new accounts to the adjustment's column and adjusted TB.