Required: 1) Make the end-of-period adjustments entries 2) Prepare Tracy's income statement for the year ended December 31, 2017. 3) Prepare Tracy's balance sheet as at December 31, 2017. (11 Marks) (9 Marks) (10 Marks) B- What will be the effect on financial statements if an accrued expense is not recorded at the end of the year? (4 marks) C-On June 30 of the current calendar year, Apricot Co. paid $9,500 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to expense accounts at the time of cash payment. Required: 1- Prepare the adjusting entry on December 31 for Apricot Co. 2- Show the effect of the adjusting entry on Income statement and balance sheet at the end of the Current calendar year (6 marks)