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a. The company paid $4,100 on January 1 of the current year to have advertisements placed in the local monthly neighborhood paper. The ads were to be run from lanuary through June. The bookkeeper debited the fult amount to Prepaid Advertising on January 1. b. At March 31 of the current year, the following data relating to Construction Equipment were obtained from the records and supporting documents. Required: 1. Record the adjusting entry for advertisements at March 31 of the current year. 2. Record the adjusting entry for the use of construction equipment during the current year. 3. What amounts should be reported on the current year's income statement for the following items? 4. What amounts should be reported on the current year's balance sheet for the following items? Complete this question by entering your answers in the tabs below. Whot amounts should be reported on the current year's balance sheet for the following items