Please correct the wrong answer.

The following are the trial balance and the other information related to Bruce Harms, who operates a construction hauling business. 1. Fees received in advance from clients $5,000. 2. Services performed for clients that were not recorded by December 31,$4,900. 3. Equipment is being depreciated at 8% per year. 4. Bad debt expense for the year is $1,430. 5. Insurance expired during the year $480. 6. Harms gave the bank a 90-day, 5% note for $7,200 on December 1, 2022. 7. Rent of the building is $750 per month. The rent for all of 2022 , and for January of 2023 has been pai 7. Rent of the building is $750 per month. The rent for all of 2022 , and for January of 2023 has been paid. 8. Office salaries and wages earned but unpaid December 31, 2022, \$1,510. Harms withdrew $12,000 cash for personal use during the year. (a) Your answer is correct. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accoun titles and enter 0 for the amounts. Use 360 days for calculation.) No. Account Titles and Explanation 1. Service Revenue Unearned Service Revenue 2. Accounts Receivable Service Revenue 3. Depreciation Expense Accumulated Depreciation-Equipment 4. Bad Debt Expense Allowance for Doubtful Accounts 5. Insurance Expense Prepaid Insurance Debit Credit 5000 4900 2160 1430 480 6. Interest Expense Interest Payable 7. Prepaid Rent Rent Expense 8. Salaries and Wages Expense Salaries and Wages Payable 750 1510 1510 HARMS HAULERS Income Statement For the Year Ended December 31, 2022 Service Revenue Expenses Salaries and Wages Expense Rent Expense Insurance Expense Utilities Expense Office Expense Depreciation Expense Bad Debt Expense Interest Expense $ 101900 Prepare a statement of owner's equity for 2022. (List items that increase owner's equity first.)