Required Determine accrual basis net income for 2021 The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below December 31 in the company's year-end reporting date E 2-20 Worksheet .Appendix 2A Account Title Cash Debits Credits 20,000 Accounts receivable 35,000 Prepaid rent 5,000 Inventory 50,000 Equipment 100,000 Accumulated depreciation 30,000 Accounts payable 25,000 Salaries payable -0- Common stock 100,000 Retained earnings 29,000 Sales revenue 323.000 Cost of goods sold 180,000 Salaries expense 71,000 Rent expense 30,000 Depreciation expense -0- Utilities expense 12,000 Advertising xns Totals 4,000 507,000 507,000 The following year-end adjusting entries are required a. Depreciation expense for the year on the equipment is $10,000. b. Salaries at year-end should be accrued in the amount of $4,000. Required 1. Prepare and complete a worksheet similar to Illustration 2A-1 2. Prepare an income statement for 2021 and a balance sheet as of December 31, 2021. page 98