he Michael Scott Paper Company has the below unadjusted trial balance as of the end of annual accounting period, December 31, 2020 (26 points): Account titles Cash Supplies Accounts receivable Inventory Prepaid rent Gross PPE Accumulated depreciation Accounts payable Unearned revenue Long-term debt Common stock (5,000 shares outstanding) Additional paid-in capital Retained earnings Service revenues Other expenses Unadjusted Debit Credit 12,200 1,000 1,500 1,800 3,000 70,000 15,000 1,600 2,400 5,000 500 24,500 18,500 38,000 16,000 105,500 105,500 ot yet recorded at December 31, 2020 includes the below items: $200 in services were provided to customers by December 31, 2020 that have not yet paid. The long-term debt of $5,000 was borrowed on November 1, 2020 (at an annual interes rate of 6%). The debt (and interest) will be payable upon maturity on December 31, 2021 On December 1, 2020, the company paid $3,000 for a one-year rent policy (this cash payment was already recorded by the company), with rent beginning on December 1, 2020 52500 of income taxes were estimated for 2020 but not yet paid. The company had collected $2,400 of cash on December 1, 2020 (this cash receipt wa lready recorded by the company) from a customer to provide services to them even ver the next 8 months. ce record the five necessary adjusting entries and prepare an income statement on ollowing pages