Prepare theFinancial position (balance sheet) at December 31, 2018. Assume that the annual income tax rate is 20%.

ABC corporation was founded on January 1, 2013. ABC provides telecommunication services. The unadjusted and adjusted trial balances of ABC as of December 2018, are as follows: ABC trial balances December 31, 2018 Unadjusted Debit () Credit () 40,000 21,250 6,500 22,000 4,280 12,000 20,000 13,210 3,000 Adjusted Debit () Credit () 40,000 25,500 3,800 25,000 2,630 12,000 20,000 13,210 3,000 230 Equipment Accumulated Depreciation-equipment Supplies Accounts receivable Prepaid insurance expenses Cash Share capital Retained earnings Accounts payable Interest payable Notes payable Salaries and wages payable Unearned services revenue Rents payable Service revenue Salaries and wages expense Insurance expenses Interest expenses Depreciation expenses Supplies expense Rent expenses 6,000 9,000 6,000 2,300 4,500 3,000 33,500 26,000 10,000 12,300 1,650 910 680 3,000 4,250 5,700 3,000 111,240 98,460 98,460 111,240 Post the adjusting journal entries that were made