P3-6 Presented below are the trial balance and the other information related to Yorkis Perez. a consulting engineer.1. Fees received in advance from clients 56,000. 2. Services performed for clients that were not recorded by December 31, 54,900. 3. Bad debt expense for the year is SI,430. 4. A one-year insurance policy purchased on December 1, 2012 for 55,760. 5. Equipment is being depreciated at 10% per year (straight line). 6. Yorkis Perez gave the bank a 90-day. 10% note for 57,200 on December I, 2012. 7. Rent of the building is S750 per month. The rent for 2012 has been paid, as has that for January 2013. 8. Office salaries paid every four weeks. For December 2012, the payment day was Sunday 28. The daily payroll is $2,150. Instructions (a) From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2012. (b) Prepare the adjusted trial balance. (e) The income statement