NOTE: Please make sure to also solve the analyze question as well!

NOTE: Please make sure to also solve the analyze part of the question.

Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm's general ledger contained the accounts and balances that follow ACCOUNTS AND BALANCES Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Office Equipment Accum. Depreciation-office Equipment Warehouse Equipment Accum. Depreciation-Warehouse Equipment Notes Payable-Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capita.l Phillip Tucker, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Summar Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depreciation Expense-Office Equip Depreciation Expense-Warehouse Equip Uncollectible Accounts Expense Interest Expense $ 30,000 Dr. 35,100 Dr. 410 Cr 85,900 Dr. 10,300 Dr. 5,280 Dr. 9,600 Dr. 2,640 Cr. 32,100 Dr 9,400 Cr. 31,500 Cr. 12,100 Cr. 1,670 Cr. 387 Cr. 113,095 Cr. 55,500 Dr. 652,778 Cr. 9,900 Dr. 349,500 Dr. 9,100 Cr. 35,900 Dr. 2,100 Dr. 159,000 Dr. 12,900 Dr ADJUSTMENTS a.-b. Merchandise inventory on December 31, 2019, is $77,900 c. During 2019, the firm had net credit sales of $559,000; past experience indicates that 0.50 percent of these sales should result in uncollectible accounts d. On December 31, 2019, an inventory of supplies showed that items costing $1,170 were on hand e. On May 1, 2019, the firm purchased a one-year insurance policy for $5,280 f. On January 2, 2017, the firm purchased office equipment for $9,600. At that time, the equipment was estimated to have a useful life of seven years and a salvage value of $360 gOn January 2, 2017, the firm purchased warehouse equipment for $32,100. At that time, the equipment was estimated to have a useful life of six years and a salvage value of $3,900 h. On November 1, 2019, the firm issued a four-month, 10 percent note for $31,500 i. On December 31, 2019, the firm owed salaries of $12,000 that will not be paid until 2020 j. On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $12,000 of accrued wages k. On December 31, 2019, the firm owed the federal unemployment tax (assume 0.6 percent) and the state unemployment tax (assume 5.4 percent) on the entire $12,000 of accrued wages Required: 1. Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year ended December 31, 2019 2. Enter the adjustments above in the Adjustments section of the worksheet. 3. Complete the worksheet. Analyze: When the financial statements for Healthy Eating Foods Company are prepared, what net income will be reported for the period ended December 31, 2019? Healthy Eating Foods Company Worksheet Year Ended December 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Office Equipment Accumulated Depr-Office Equipment Warehouse Equipment Accumulated Depr-Warehouse Equipment Notes Payable-Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment lax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital Phillip Tucker, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowance Income Summary Rent Expenses Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depr. Expense-Office Equipment Depr. Expense-Warehouse Equipment Uncollectible Accounts Expense Interest Expense Totals Net Income 0 0 0 0 0 0 WorksheetAnalyze When the financial statements for Healthy Eating Foods Company are prepared, what net income will be reported for the period ended December 31, 2019? (Round your answer to 2 decimal places.) Net income