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The unadjusted trial balance for Brown Inc. follows. Brown Inc. Unadjusted Trial Balance December 31, 2020 Description Debit Credit Cash $6.3205 Accounts receivable 6,000 Prepaid lease expense 19.200 Supplies 11,000 Equipment 20,000 Accumulated depreciation equipment 3,000 Accounts payable 2000 Note payable 8.000 Common stock 20,000 Retained earnings 8.000 Dividends 10,000 Service revenue 50,000 Interest expense Salaries expense 13.000 Utility expense 2.000 Miscellaneous expense 3.000 0 Total 591,000 591,000 Additional information for accounting adjustments 1. Brown was required to pay the entire rental for a one year lease beginning July 1 for $13,200 cash Brown recorded the payment as a deb 2. A year-end count revealed $2,000 of supplies still available. 3. Annual depreciation expense on the equipment is 51,000. 4. Unpaid and unrecorded salaries is $2,000 at year-end. 5. The note payable calls for annual interest of 8%, payable each September 30. The principal amount of the note is not due for several years c. Prepare the income statement for 2020 and the balance sheet at year-end 2020. Note: Record expenses in alphabetical order based upon the first letter of the account name. Note: Do not use negative signs with your answers. 50,000 50,000 $ Brown Custom Publishing Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue $ Total revenues Expenses Prepaid Lease Expense $ 19,200 Lease Expense 13,200 Depreciation Expense 1,000 Supplies Expense 2,000 Interest Expense 480 Salaries Expense 13,000 Utility Expense 2,000 Total Expenses Net Income $ > + DO 0 d. Prepare the closing entries, using the Income Summary account to close out revenues and expenses. Note: List multiple debits or credits (when applicable) in alphabetical order according to the first letter of the accoun General Journal Date Account Name Dr. Cr. Dec 31, 2020 Cash 6,320 0 Accounts Receivable 5 0 To close out service revenue Dec 31, 2020 Utility Expense 330 0 Supplies Expense 0 770 Miscellaneous Expense 0 0 Lease Expense 770 Miscellaneous Expense 0 0 Note Payable 0 0 Prepaid Lease Expense 0 0 Retained Earnings 0 To closeout expenses Dec 31, 2020 Common Stock 0 Retained Earnings To close out income summary Dec 31, 2020 Dividends 777,770 Interest Payable 444,440 To close outed vidends Please answer all parts of the question 0 0 0 0 0 0