P4.6A ( LO 1, 2, 3) AP Silver Ridge Plumbing's year end is October 31. The company's trial balance prior to adjustmonten fill...... Additional information: The equipment has an expected useful life of 10 years. The vehicles' expected useful life is eight years. 2. A physical count showed $2,000 of supplies on hand at October 31,2024 . 3. Accrued salaries payable at October 31,2024 , were $2,550. 4. Interest on the 5.5% note payable is payable at the end of each month and $10,000 of the principal must be paid on December 31 each year. Interest payments are up to date as at September 30, 2024. 5. The owner, H. Burke, invested $2,000 cash in the business on December 28,2023 . (Note: This has been correctly recorded.) Instructions a. Prepare the adjusting entries and an adjusted trial balance. b. Calculate profit or loss for the year. c. Prepare a statement of owner's equity and a classified balance sheet. d. Prepare the closing entries. Using T accounts, post to the Income Summary, Owner's Drawings, and Owner's Capital accounts. Compare the ending balance in the Owner's Capital account with the information in the statement of owner's equity