HW Problem 4.4 -The following is the unadjusted trial balance for Dinero Co. as of 12/31/X1. Dr. Cr. Cash Accounts Receivable Inventory Supplies Prepaid Rent Equipment 20,000.00 12,000.00 20,000.00 3,000.00 6,000.00 100,000.00 Accumulated Deprec.-Equip. Accounts Payable 35,000.00 14,000.00 Unearned Revenue 12,000.00 Common Stock 5,000.00 Retained Earnings 49,000.00 Dividends 4,000.00 Gain on Sale 15,000.00 Sales 170,000.00 Sales Discounts 1,000.00 Sales Returns & Allowances 1,000.00 Cost of Goods Sold 65,000.00 Interest Expense 7,000.00 Rent Expense 18,000.00 Salaries Expense 35,000.00 Utilities Expense 8,000.00 Totals 300,000.00 300,000.00 A) i. ii. iii. iv. B) Prepare adjusting entries given the following information: The equipment is being depreciated over a 19 year life and has an expected salvage value of $5,000. (No adjustments have been made yet in 20X1). Supplies on hand total $1,000. The prepaid rent includes 3 months' rent but only one month of prepaid rent remains. A physical inventory count reveals inventory on hand of $19,000 (the difference between the trial balance amount and actual inventory on hand is due to waste, theft, and clerical error). Prepare a multi-step income statement for 20X1. Don't forget to adjust the balances from part A!