Please TYPE answers and have in PROFESSIONAL FORM. SHOW ALL WORK!

After preparing the journal entries and adjusting journal entries for SCL, you prepared the following adjusted trial balance: Squeaky Clean Ltd. Adjusted Trial Balance September 30, 2020 Cr. Dr. $22,083 17,130 1,210 5,850 $49 1,050 29 550 Cash Accounts receivable Prepaid insurance Electrostatic sprayer Accumulated depreciation - electrostatic sprayer Laptop Accumulated depreciation - laptop Accounting software Accumulated depreciation - accounting software Accounts payable Deferred service revenue Wages payable Loan payable Common shares Service revenue Purchases Advertising expense Depreciation expense Insurance expense Interest expense Wages expense 9 7,235 12,500 1,500 10,000 2,500 29,665 13,210 250 87 110 17 1.940 $63.487 $63.487 1. Based on the adjusted trial balance, you have decided to prepare SCL's financial statements as at and for the month ended September 30. You plan to apply what you learned in BUS 285 to prepare a classified statement of financial position, single step statement of income and statement of retained earnings (in good form). Since SCL's first inventory count has not yet been performed, you plan to report purchases as an expense to approximate cost of goods sold. Also, since you have not yet estimated the income tax owing on SCL's income, you intend to report an income tax expense of $0. 2. Although SCL's August 31, 2021 year end is not for some time, you need to practice what you learned about closing joumal entries in BUS 285 so you have decided to prepare the closing joumal entries in good form) that would be required if September 30 were SCL's year end. You plan to provide detailed supporting calculations and round all amounts to the nearest dollar