Problem 4-2 Below you will find the trial balance of the Alice Brown Bakery Shop Alice Brown Bakery Shop Trial Balance December 31, 20X1 15,000 8,500 250 3,000 8,500 59,000 Cash Accounts Receivable Prepaid Advertising Prepaid Rent Baking Supplies Baking Equipment Accounts Payable A. Brown, Capital A. Brown, Withdrawal Baking Revenue Baking Supplies Expense Utilities Expense Wages Expense Total 4,500 35,000 1,500 128,200 25,000 7,450 39,500 167,700 167,700 Required: 1. Enter the trial balance amounts on the worksheet. 2. Complete the worksheet using the following information: a) Estimated depreciation on the baking equipment is $1,500. b) $150 of the prepaid advertising has been used. There is a remaining balance in prepaid rent of $1,000. ) An inventory of baking supplies shows an unused balance of $3,500. 3. Prepare an income statement, statement of owner's equity and balance sheet. 4. Prepare the adjusting entries. 5. Prepare the closing entries