Lotus Coffee Inc. Background Information Larry owns a coffee roasting business - Lotus Coffee Inc. He has been doing the bookkeeping for the business, but he has very little accounting experience. Larry is very grateful that you agreed to help him with his 2022 accounting questions. Lotus Coffee imports raw specialty coffee beans from growers in Dak Lak, a province of Vietnam. Specialty coffee is considered to be Arabica coffees highest standard. To be recognized as specialty coffee, the beans must undergo strict evaluation: the growers must fully comply with the prescribed production process, from the stage of cultivation, to harvesting, preliminary treatment, preservation, etc. Once receiving the coffee bean shipment, Lotus Coffee implements strict standards in the roasting process. It then packages these fabulous beans for sale to consumers across Canada. Lotus Coffee packages all its beans into 454-gram packages. Lotus Coffee owns the building where it operates. Larry is unsure of how to properly record the property taxes. The property tax bill of $4,200 for the calendar year 2022 arrived on March 31, 2022 and is payable on June 30, 2022. How should he record the entry for March 31, June 30, and December 31 given that the business is doing annual adjusting entries? The company fiscal year-end is also December 31. Grading Rubric All property taxes journal entries are presented with clearly shown calculation. /10