Question (analytical) 1 (adopted from Miller-Noble et al 2021) Preparing a worksheet, financial statements, and closing entries The unadjusted trial balance of Frank Investment Advisers at 30 June 2021 follows: Adjustment data at 30 June 2021: - Unearned revenue earned during the year, $100. - Office supplies used during the period $1,000. - Depreciation for the year, $7000. . Accrued salaries expense, $2000. . Accrued service revenue, $6000. Requirements: . Prepare a worksheet for Frank Investment Advisers at 30 June 2021. . Prepare the income statement, the statement of changes in owners' equity, and the classified balance sheet in account format. Assume that there were no contributions made by the owners during the year. Prepare closing entries. Requirement 1 Requirement 2 FRANK INVESTMENT ADVISERS Income statement for the year ended 20 June 2021 FRANK INVESTMENT ADVTSEMS Statement of changes in ewmers' equity for the vear ended 30 June 2021 Requirement 2 (continued) FRANK INVESTMENT ADVISERS Balance sheet as at 30 June 2021 Assets Current assets: Total current assets Non-current assets: Total non-current assets Liabilities Current liabilities: Total current liabilitios Nan-current liabilities: Total non-current liabitities Net assets Owners' equity Total owners" equity Requirement 3 - Closing entries