Malcolm's Service Center has the following unadjusted trial balance for the month of December 31, 2021: Cash Accounts Debit Credit 48,800 4,000 Accounts Receivable Supplies (oil, filters, cleaners, boosters etc 8,000 Prepaid Rent 6,500 Equipment 18,000 Accumulated depreciation - Equipment 6,850 Building 20,000 Accumulated depreciation - Building 6,950 Accounts Payable 20,500 Unearned Fees 9,300 Malcolm Smith, capital 29,000 Malcolm Smith, drawings 12,000 Service Revenue 52,200 Salary expense 5,000 2,500 $124,8005124,800 Utilities expense The accountant assembled and analyzed the following adjustment data on December 31, 2021: a) Automotive services provided but customers have not yet been billed, $4,500 b) Monthly depreciation is as follows: i. Building - $150 ii. Equipment - $125 c) Supplies on hand was $3,000. d) Accrued Salary, $600. e) Unearned fees at Dec 31, $3,300. f) Expired Rent, $4,000. Instructions: 1. Journalize the adjusting entries on December 31, 2021. State the narratives. (10 pts) 2. Prepare an adjusted trial balance at December 31, 2021. (7 pts) 3. Choose any 1 adjustment from (a) to (g); and, explain how the income statement and the balance sheet would be affected if the Accountant failed to do the adjusting entries for the 1 adjustment that you chose. (4 pts) To get full points, kindly ensure that you EXPLAIN your answer.