I below. INSTRUCTIONS: (1) Complete the adjustments section of the worksheet [WS]. Use the following information as basis for adjustments for the month ended March 31, 2023. (a) It is estimated that 4% of the Accounts Receivable is doubtful of collection. (b) Based on a physical count, ending inventory was determined to be P100,000. (c) Office supplies amounting to P3,000 has been used during the month. (d) Unused store supplies at the end of the month amounted to P9,000. (e) Prepaid Insurance Expense was paid on January 1, 2023 for P102,000 for a one-year insurance coverage. (f) All the equipment and furniture of the business were purchased on January 1, 2023. Depreciation policy of the business is as follows: (g) The Unearned Commissions Income account represents commissions received in advance on March 1, 2023 for selling 500 eco-friendly backpacks of Aim High Trading. As of month end, 200 backpacks have been sold. (h) Another trader rented a small portion of the store for a monthly rent of P30,000 starting March 16, 2023. As of month end, the half-month of rent has not been collected. (i) The P200,000 180-day 6\% note payable was issued on March 13, 2023 for money borrowed. (j) Three sales staff are paid on a weekly basis for a daily rate of P600 each. The workweek covers Monday to Saturday and the last payment was made on March 25. March 31 falls on a Friday. (k) As of March 31, the business received its utilities bill for the month of March amounting to P17,500. This remains to be unpaid at month-end. (2) Determine the net income or net loss for March and complete the worksheet [WS]. (3) Prepare a natural form Statement of Profit or Loss for the month ended March 31, 2023 [SPL]. Include any supporting notes to financial statements [NOTES]. (4) Prepare a Statement of Owner's Equity for the month ended March 31, 2023 [SOE]. (5) Prepare a report form Statement of Financial Position as of March 31, 2023 [SFP]. Include any supporting notes to financial statements [NOTES]. (6) Journalize and post the adjusting entries on March 31, 2023 using the general journal and the general ledger [GJ and GL]. (10) Journalize and post the closing entries on March 31, 2023 using the general journal and the general ledger [GJ and GL]. (11) Prepare a post-closing Trial Balance as of March 31, 2023 [PCTB]. (12) Journalize and post the necessary reversing entries on April 1, 2023 using the general journal and the general ledger [GJ and GL]