Law Consulting Service Company's Trial Balance on July 31, 2020 is as follows: Account name Debit Credit Cash 4,200 Supplies 1,200 Pre-paid insurance 850 Pre-paid office rent 4,200 Equipment 15,700 Accumulated depreciation - Equipment 2,300 Accounts payable 1,850 Unearned service revenue 650 Share capital - Ordinary 4,700 Retained earnings 2.100 Dividend 2,000 Service revenue 25,050 Salary expense 8.500 Total 36,650 36,650 Required: 1. Com up with 02 adjusting transactions for pre-paid expenses, 01 transaction for unearned revenue, 01 transaction for accrued revenue and 01 transaction for depreciation expense and 01 transaction for accrued expense on 31 July, 2020. (These transactions are given by yourself with reasonable numbers): (1.0 mark) 2. Prepare adjusted trial balance (0.5 marks) 3. Prepare Income Statement, Statement of Retained Earnings and Statement of Financial Position for July 31, 2020. (1.0 marks) 1.Prepaid expense a.Insurance expense incurred for 2020 450 b. Rent expense incurred for 2020 - 1,200 Accrued revenue: c. Accrued service revenue for 2020 -3,550 Depreciation expense: d. Depreciation expense of equipment is 650 Accrued expense: e. Salaries and wage expense accrued for 1.500