Prepare the following:

1. 10 column worksheet

2. Income statement

3. Balance sheet

4. Capital statement

5. Closing entries

6. Post-closing trial balance

a) Insurance expense on Service Vehicle is P7,200 b) Depreciation expense for the year follows: Office equipment, P5,400 Service Vehicle P24,000 c) Salaries incurred but unpaid at June 30, P 9,000 d) Supplies inventory on June 30,2020 e) The unearned management income was received and recorded on April 1, 2020. The advance payment covered a six-month management fee of a condo unit. accrued interest on notes payable is P10,000 g) Rest expense for the year is P 36, 000SOUTH WESTERN REAL ESTATE BROKERS TRIAL BALANCE June 30,2020 Cash P 650,000 Accounts Receivable 100,000 Prepaid Rent 108,000 Prepaid Insurance 28,800 Supplies 9,000 Office Equipment 90,000 Accumulated Depreciation-Office Equipt. 21,600 Service Vehicle 240,000 Acc. Depreciation-Service Vehicle 60,000 Accounts Payable 10,800 Notes Payable 150,000 Unearned Management Service Income 46,800 M. Velarde, Capital 1,337,400 M. Velarde, Drawing 705,000 Commission Income 900,000 Management Service Income 72,000 Salaries Expense 599,400 Advertising Expense 9,000 Fuel & Oil Expenses 53,400 Miscellaneous Expenses 6,000 Totals P 2,598,600 P 2,598,600