P4.4A (LO 1,2,4) Financial Statement Rusthe Management Services began business on January 1, 2020, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted balance columns of the worksheet at the end of the first year are as follows. Rusthe Management Services Worksheet For the Year Ended December 31, 2020 Adjusted Trial Balance Trial Balance Cr. Account Titles Dr. Dr. Cr. Cash Accounts Receivable Prepaid Insurance Land Buildings 13,800 28,300 3,600 67,000 127,000 13,800 28,300 2,100 67,000 127,000 Adjusted Trial Balance Trial Balance Cr Account Titles Dr. Dr. 59,000 Cr Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Owner's Drawings Service Revenue Rent Revenue Salaries and Wages Expense Advertising Expense Utilities Expense 59,000 12,500 6,000 120,000 144,000 12,500 1,000 120,000 144,000 22,000 90,70022,000 90,700 34,000 29,000 42,000 20,500 19,000 402,200 42,000 20,500 19,000 Totals 402,200 Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable 1,500 6,600 3,000 3,600 10,000 10,000 418,800 Totals 418,800 Instructions a. Prepare a complete worksheet. b. Prepare a classified balance sheet. (Note: $45,000 of the mortgage note payable is due for payment 200 next year.) c. Journalize the adjusting entries. d. Journalize the closing entries. e. Prepare a post-closing trial balance