Millennial Communications provides telecommunications consulting services. The business had the following account balances, Iransactions, and adjustment infom $($Click the icon to view the account balances.$)($Click the icon to view the transactions.$)$

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Required

Journalize the entries.

Prepare an adjusted trial balance on December $31,2020.$

Prepare an income statement for the year ended December $31,2020.$ ?List expenses in alphabetical order.

Prepare a statement of owne's equity for the year ended December $31,2020.$ ?Assume there have been no changes to the capital account balance since Januar

Prepare a balance sheet as at December $31,2020.$

Account Balances

$\backslash$table$[[\backslash$table$[[$Millennial Comentanigations$],[$Unadjusted Trial Balance$],[$December $1,2020]]],[$Account Tille,Balance$],[$Debit$,$Gredit$],[$Cash$,5,19,000,,],[Á$ccounts reczivable,,$17,100,,],[$Prepaid advertising,,$13,000,,],[$Supplises$,,3,900,,],[$Computer equipment,,$54,000,,],[$Accumulated amortizati,,,$$,0],[$Fumiturn$,,120,000,,],[$Accimulated antortizatio,,,,B$],[$Accounts payable,,,,$28,000],[$R$.$ ?Watts, capital,,,,$98,000],[$R$.$ ?Watts. whindrawals,,$45,000,,],[$Consuling reverate,,,,$260600],[$Salarias expense,,$82590,,],[\backslash$table$[[$Supplies expense$],[$Travel expense.$]],,32\mathrm{.}1100,,],[$Tatal$,5,386640,5,395\mathrm{.}600]]$

Adjustments The following adjustments information was available on December 31, 2020. e. A physical count shows $5,100 of supplies remaining on hand at December 31. 1. The computer equipment has an expected useful life of four years, with no residual value after four years. The computers were purchased January 2, and the straight-line method of amortization is used. g. The furniture, purchased on January 2, is expected to be used for eight years, with no expected value after eight years. The straight-line method of amortization is used h. On October 1, Millennial hired an advertising firm to prepare a marketing plan and agreed to pay the firm $2,200 per month Millennial paid for five months' work in advance and has made no adjusting entries for this during 2020 Record the portion of the prepayment which has been used to date i. The company's office manager, who earns $400 per day, worked the last five days of the year and will be paid on January 5, 2021 - X