I have problems doing problem 4-5. Please help me with this and I appreciate your help. Thank you.

accouis sa 2. The office equipment has an expected life of 10 years with no salvag 3. Accrued interest on notes receivable is $450. 4. Accrued interest on the notes payable is $1,000. 5. Accrued salaries are $2,100. 6. Expired prepaid insurance is $3,750. 7. Expired prepaid advertising is $16,500 1 . The buildings have an expected life of 50 years with no Additional data not include account numbers. Briefly explain the entries in the Adjstmentsc at the bottom of the work sheet, as was done in Illustration 4.2. Required b. Prepare the required closing entries. Pro- The following trial balance and additional data are for Florida Time-Share Property Management Prepare work sheet, income s statement of retained earnings, classified balance sheet, and adjusting and closing entries (L.O. 2-5, 7) Company: FLORIDA TIME-SHARE PROPERTY MANAGEMENT COMPANY Trial Balance December 31, 2012 bits Credits $ 424,000 28,800 7,680 2,400 24,000 Cash Prepaid Rent Prepaid Insurance Supplies on Hand Office Equipment Accumulated Depreciation-Office Equipment Automobiles Accumulated Depreciation-Automobiles Accounts Payable Unearned Management Fees Capital Stock Retained Earnings, January 1, 2012 Dividends Commissions Revenue Management Fee Revenue Salaries Expense Advertising Expense Gas and Oil Expense Miscellaneous Expense $ 5,760 64,000 16,000 2,880 12,480 360,000 120,640 28,000 199,840 2,400 14,240 $ 796,960 $ 796,960 Additional data1. Insurance expense for the year, $3,840. 2. Rent expense for the year, $19,200. 3. Depreciation expense: office equipment, $2,880; and automobiles, S12,800. 4. Salaries earned but unpaid at December 31, $26,640. 5. Supplies on hand at December 31, $1,000. 6. The unearned management fees were received and recorded on November 1, 2012. The advance payment covered six months' management of an apartment building a. Prepare a 12-column work sheet for the year ended December 31, 2012. You not include account numbers or explanations of adjustments. b. Prepare an income statement. c. Prepare a statement of retained earnings. d. Prepare a classified balance sheet. e. Prepare adjusting and closing entries