PART B AND C, THE "WORKSHEET" IS THE BOTTOM CHART.

Doe Smith opened for business on May 1, and its trial balance balance before adjustment as of December 31 is shown below. Doe Smith Corporation Trial Balance December 31, 2020 Debit Credit Cash 21,560 Supplies 4,300 Prepaid insurance 9,000 Land 30,000 Buildings 130,000 Equipment Accounts payable 7,500 Unearned rent revenue 9,360 Note payable 44,000 Mortgage payable 50,000 Owner's capital 103,000 Owner's drawing 6,000 81,040 Repairs expense 8,600 Salaries & wages expense 48,900 Utilities expense 6,540 294,900 294,900 30,000 Rent revenue Additional information: 1. Insurance expires at the rate of $350 per month. 2. Supplies worth $2,500 were used. 3. Annual depreciation on building and equipment are $9,576 and $4,788 respectively. 4. Unearned rent revenue of $529 was earned monthly. 5. Salary of 6 employees at $750 per employee has not been paid. 6. Rental income of $900/monthly for 2.5 months have not been recorded. 7. Mortgage interest rate of 6% per year. Mortgage was signed on June 1. Instruct . b. Complete the worksheet and prepare the adjusted trial balance on December 31. c. Using the information from the worksheet, determine i. Net income/(loss) ii. Ending owner's capital iii. Total assets iv. Total liabilities Dee Smith Corporation Trial Balance December 31, 2020 Adjustments DE Cr Adjusted Trial Balance DE Cr Income Statement De Cr Balance Sheet Dr C Account Titles Cash Supplies Prepaid insurance Land Building Equipment Accounts payable Uneamedrent revenue Nole payable Mortgage payable Owner's capital Owner's drawing Rent revenue Repairs expertise Salaries & wages expense Utilities expense Totals Trial Balance Dr G 21.560 4,300 9,000 30,000 130,000 30,000 7.500 9.360 44,000 50,000 103.000 6,000 81.040 8.600 48.900 6,540 294.910 294,900