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During its first month of operation, HFRM completed the following transactions. Use the following account descriptions for journal entries. Requirement \#4: Prepare adjusting entries using the following information in the General Journg below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $200. c) The estimated depreciation on repair equipment is $150. d) The estimated income taxes are $100. Requirement \#5: Post the adjusting entries on March 31 below to the General Ledger T-accour compute adjusted balances. Jusi add to the balances that are aiready listed. F18 =atfx A B C D Requirement \#7: Prepare the financial statements for How You will only be preparing the Income Statement, Stateme The Statement of Cash Flows is a required Financial Stater Howard's Flight Radio Management Corporation owar Income statement For the Month Ending March 31 Revenues: FMS Repair Revenue Total Revenue Expenses: 13 Store Rent Expense 14 Telephone Expense 15 Insurance Expense 16 Repair Supplies Exp. 17 Depreciation Exp. 18] Income Taxes Expense 19 Electric Expense Total Expenses Net income nts for Howard's Flight Radio Management Corporation nt, Statement of Retained Earning, and the Balance Shee cial Statement, but is not required for this project. Howard's Flight Radio Management Corporation Balance Sheet March 31