Mini Case II-Premier Graphics-Part II The unadjusted trial balance for Premier Graphics at December 31, 2019 is below Trial Balance Account Titles Dr. Cr. 13,582 15,420 2,100 1,200 2,000 29,000 2,100 60,000 2,500 101 106 126 128 163 167 201 301 303 403 623 637 640 652 655 676 677 684 Cash Accounts Receivable Supplies Prepaid Advertising Office Equipment Graphic Equipment Accounts Payable J. Doe-Capital J. Doe-Draws Service Revenue Wages Expense Insurance Expense Rent Expense Supplies Expense Advertising Expense Mileage Expense Miscellaneous Expense Repairs and Maintenance Expense Totals 22,170 4,400 2,400 3,500 3,350 1,790 1,328 300 1,400 84,270 84,270 Instructions 1. Prepare a 10-column worksheet. Show the adjustments (a) through (g) 2. Prepare an income statement for the three months ended December 31, 2019. 3. Prepare a statement of owner's equity for the three months ended December 31, 2019. 4. Prepare a classified balance sheet as of December 31, 2019. Use the information in Chapter 12 (pp. 396-397 and page 412). Mini Case II-Premier Graphics-Part II Additional Information: a The December 31 inventory count of computer supplies shows $1,075 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. The company paid a one-year insurance premium ($2,400) on 10/5/2019 for coverage effective 10/1/2019. Jane's daughter recorded the payment in Insurance Expense. c. As of December 31, Ellie Jones has not been paid for twelve days of work at $150 per day. d. The graphic equipment is expected to have a five-year life with a $1,000 salvage value. It was placed in service on 10/01/2019. e. The office equipment is expected to have a four-year life with no salvage value. It was placed in service on 10/01/2019. f Three of the four months' prepaid rent has expired. Four months' rent ($3,500) was paid and recorded in Rent Expense on 10/1/2019. g In November, Jane's daughter recorded a $5,000 advance from the City of Ceres in Service Revenue. As of 12/31/2019, Premier Graphics has performed only half of the agreed-upon work