Required 2. Prepare adjusting entries to record the following additional information collected on December 31, 2020. Post the entries to the accounts in the ledger. Dec. 31 a The December 31 inventory of computer supplies was $525. b. Three months have passed since the annual insurance premium was paid. c. As of the end of the year, Trish Duresh has not been paid for 18 days of work at the rate of $325 per day, d. The computer equipment is expected to have a five-year life with no residual value. e. The office equipment is expected to have a seven-year life with no residual value. 1. Prepaid rent for three of the six months has expired. Required 3. Prepare an adjusted trial balance as of December 31, 2020. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31, 2020. You have been provided with the following Trial Balance as of November 30, 2020: Blackwell Systems Trial Balance November 30, 2020 101 Cash 106 Accounts Receivable Debits Credits 4,827.75 17,970.00 126 Computer Supplies 5,849.00 128 Prepaid Insurance 11,280.00 131 Prepaid Rent 12,750.00 163 Office Equipment 14,020.00 167 Computer Equipment 5,080.00 201 Accounts Payable 301 Kate Blackwell, Capital 302 Kate Blackwell, Withdrawals 61,100.00 5,400.00 403 Computer Services Revenue 37,035.00 623 Wages Expense 13,000.00 655 Advertising Expense 1,430.00 676 Mileage Expense 4,438.25 6841 Repairs Expense, Computer 890.00 699 Charitable Donations Expense 1,200.00 98,135 98,135