Penny Proud began operations as a private investigator on January 1, 2003. The trial balance columns of the work sheet for Proud P.I. at March 31 are as follows. Accounts Titles Cash Accounts Receivable Credit 11,400 5,620 1,050 2,400 30,000 Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable P. Proud, Capital P. Proud, Drawing Service Revenue Salaries Expense Travel Expense Rent Expense 10,000 12,350 20,000 600 13,620 2,200 1,300 1,200 Miscellaneous Expense TOTAL 55.970 55,970 a.) Supplies on hand total $750 b.) Depreciation is $500 per quarter c.) Interest accrued on 6-month note payable, issued January 1, $300 d.) Insurance expires at the rate of $150 per month e.) Services provided but unbilled at March 31 total $750. 1.) Complete the work sheet. 2.) Prepare an income statement and owner's equity statement for the guarter and a classified balance sheet at March 31. P. Proud did not make any iional investments in the business during the quarter ended March 31, 2003 3.) Journalize the adjusting entries from the adjustments columns of the work sheet 4.) Journalize the closing entries from the financial statement columns of the work sheet. CHART OF ACCOUNTS TRAVEL EXPENSE NOTES PAYABLE CASH ACCOUNTS RECEIVABLE INTEREST PAYABLE RENT EXPENSE PREPAID INSURANCE PENNY PROUD, CAPITAL MISC. EXPENSE PENNY PROUD, DRAWING INTEREST EXPENSE SERVICE REVENUE DEPRECIATION EXPENSE INSURANCE EXPENSE SUPPLIES EQUIPMENT ACCUM.DEPRE. EQUIPMT SALARIES EXPENSE SUPPLIES EXPENSE ACCOUNTS PAYABLE