Larkspur, Inc. was founded in January 2017. Presented below are adjusted and unadjusted trial balances as at December 31, 2020. 0 Larkspur, Inc. Trial Balance December 31, 2020 Unadjusted Dr. Cr. Cash $8,360 Accounts receivable 15,200 Supplies 6,380 Prepaid insurance 2,550 Equipment 45,600 Accumulated depreciation-equipment $21,280 Accounts payable 3,800 Interest payable Notes payable 5,000 Unearned revenue 5,320 Salaries and wages payable 0 Common shares 7,600 Retained earnings 1,460 Service revenue 44,540 Salaries and wages expense 7,600 Insurance expense Interest expense 270 Depreciation expense Supplies expense Rent expense 3,040 $89,000 $89,000 Adjusted Dr. Cr. $8,360 17,860 2,280 1,900 45,600 $25,080 3,800 150 5,000 4,260 990 7,600 1,460 48,260 8,590 650 420 3,800 4,100 3,040 $96,600 $96,600 Journalize the annual adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To record revenue earned) Dec. 31 (To record revenue previously collected) Dec. 31 (To record supplies used) Dec. 31 (To record depreciation expense) Dec. 31 (To record interest expense) Dec. 31 (To record expired insurance) Dec. 31 (To record salaries accrued owing to employees) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) LARKSPUR, INC. Income Statement $ $