Q2. The year-end trial balance below was taken from the ledger of Le Bere Office Supplies Company at the end of its annual accounting period, on September 30, 20X4. Le Bere Office Supplies Company Trial Balance September 30, 20X4 Cash $21,150 Accounts Receivable $74,490 Merchandise Inventory $214,200 Store Supplies $11,400 Prepaid Insurance $14,400 Store Equipment $253,900 Accumulated Depreciation, Store Equipment $76,500 Accounts Payable $116,850 Grace Le Bere, Capital $484,050 Grace Le Bere, Withdrawals $72,000 Sales $1,225,750 Sales Returns and Allowances $25,440 Purchases $754,800 Purchases Returns and Allowances $18,150 Freight In $31,200 Sales Salaries Expense $193,800 Rent Expense $144,000 Other Selling Expenses $98,730 Utilities Expense $11,790 $1,921,300 $1,921,300 1. Assuming the company uses the periodic inventory system, prepare the adjusting entries in journal form and post them to T accounts using the following information (do not forget to take into account the balances from the Trial Balance): a. Ending merchandise inventory, $266,700 b. Ending store supplies inventory, $1,650 c. Expired insurance, $7,200 d. Estimated depreciation on store equipment, $15,000 e. Sales salaries payable, $1,950 f. Accrued utilities expense, $300. 2. Prepare an income statement for the company.