Listed below are the Feb. 1, 2021 account balances of the Teresita Buenaflor Shoes: Cash Debit 233,000 Credit Accounts Receivable 192,000 Merchandise Inventory 413,000 Supplies 51,000 Prepaid Insurance 48,000 Land 460,000 Building Accumulated Depreciation - Building Equipment 1,750,000 2,310,000 350,000 Accumulated Depreciation - Equipment 630,000 Accounts Payable 108,000 Salaries Payable Mortgage Payable 2, 600,000 Aristotle, Capital 1,769,000 Aristotle, Withdrawals Sales Sales Returns and Allowances Sales Discounts Purchases Purchases Returns and Allowances Purchases Discounts Transportation In Salaries Expense Supplies Expense Insurance Expense Depreciation Expense - Building Depreciation Expense Equipment Transportation Out Advertising Expense Interest Expense Miscellaneous Expense P 5,457,000 P 5,457,000 During the month of February 2021, the following transactions occurred: Feb. 1 Collected P118,000 from customers on account 2 Paid P68,000 of accounts due less discounts of 2% 4 Purchased merchandise, P170,000. Terms: FOB shipping point; 2/10, n/3O 5 Sold merchandise on account to Plato Company, P270,000. Terms: FOB shipping point; 3/10, n/30 7 Paid for advertising for the month of February, P6,8OO 7 Sold merchandise for cash, P258,000 8 Paid the amount due from the Feb. 4 transaction 9 Paid Dagul freight P4,800 for delivering merchandise last Feb. 4 10 Received returns from the Plato Company, P70,800 12 Received payment from the Plato Company less returns and discounts 14 Paid P26,800 interest on the mortgage payable 15 Paid salaries, P51,7OO 16 Sold merchandise on account to Confucius Company, P392,700. Terms: FOB destination; 3/10, n/30 18 Paid P4,7OO freight charges on the sale of Feb. 16 19 Acquired supplies for cash, P21,500 20 Purchased P125,700 of merchandise from Shoppee Company on account. Terms: FOB destination; 2/10, n/30 22 Paid P7,700 miscellaneous expenses 23 Received payment from Confucius Company less discounts 24 Purchased P378,000 of merchandise on account from Agosto Company. Terms: FOB shipping point; 4/10, n/302 24 Paid Palawan Express P8,000 freight for delivering merchandise acquired from Agosto 25 Sold merchandise to Confucius Company on account, P425,000. Terms: FOB shipping point; 1/10, n/30 26 Received returns from Confucius Company, P71,700 28 Buenaflor withdrew P280,000 from the business for personal use. 28 Returned merchandise purchased from Agustin on Feb. 24, P25,000 Required: Post the Feb.1, 2021 account balances to the T-accounts. Record the transactions for the month of February in a journal and post the transactions to the T- accounts. Prepare the adjusting entries using the following information: a. Salaries in the amount of P51,000 have accrued on Feb. 28. b. Insurance coverage with premiums of P2,000 has expired at month-end. c. Depreciation on the building and on the equipment for the month amounted to P9,000 and P12,000, respectively. d. Supplies on hand at monthend amounted to P14,800. e. A count of the merchandise inventory on Feb. 28, 2021 amounted to P398,000. Prepare the 10-column worksheet. Prepare an income statement and a statement of changes in equity for the month ended Feb. 28, 2021, and a balance sheet as at Feb. 28, 2021