Problem 1: The trial balance of Rome Fashion Co., Ltd. contained the following accounts at December 31", 2019, the end of the company's fiscal year. Rome Fashion Co., Ltd. Trial Balance December 31st, 2019 Debit Credit Cash $ 8,700 Accounts Receivable 27,700 Supplies 6,200 Inventory 54,700 Equipment 133,000 Accumulated Depreciation - Equipment $ 23,000 Accounts Payable 48,500 Notes Payable 61,000 Share Capital - Ordinary 50,000 Retained Earnings 38,000 Dividends 8,000 Sales Revenue 755,200 Sales Returns and Allowances 12,800 Cost of Goods Sold 497,400 Salaries and Wages Expense 136,000 Advertising Expense 24,400 Utilities Expense 14,000 Repairs Expense 12,100 Freight-Out Rent Expense 24,000 Total $975.700 $ 975,700 Adjustment data: a) Supplies on hand totaled $2,100. b) Depreciation is $11,500 on the equipment c) Interest of $3,800 is accrued on notes payable at December 31, 2019 d) Inventory actually on hand is $54,520. Instructions: (a) Complete the worksheet for Roam Fashion Co., Ltd. for the year ended December 31, 2019. The worksheet is provided below. (b) Prepare a multiple-step income statement for the year ended December 31, 2019 and a classified statement of financial position as of December 31, 2019. Notes payable of $6,000 are due in 2020, the remaining amount are due in 2021. (c) Journalize the adjusting entries. (d) Journalize the closing entries