Requirement #4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $200. c) The estimated depreciation on repair equipment is $120. d) The estimated income taxes are $65. Requirement #5: Post the adjusting entries on March 31 below to the General Ledger T-accounts and compute adjusted balances. Just add to the balances that are already listed. General Journal Date 31-Mar Account Number from Chart of Accounts tab Account Title from Chart of Accounts tab Insurance expenses prepaid insurance Credit Debit 200 200 31-Mar 450 Repair Supplies Expenses Repair Supplies 450 31-Mar 120 Depreication Expenses Repair Equiptment Accumulated Depreciation Repair Equiptemnt 120 31-Mar Income tax expenses Income tax payable 651 65 835 835 REQUIREMENT #6: Prepare an Adjusted Trial Balance in the space below. Howard's Flight Radio Management Corporation Adjusted Trial Balance March 31 Account Account Balance Number Title Debit Credit cash 18,060 repair supplier 200 prepaid insurance 2,200 Repair Equitment Expenses 5,800 Accumulated Depreciation- Repair equiptment 120 Account Payable 5,050 Income tax payable 65 Common Stock 20,000 Dividends 1,000 FMS repair Revenue 5,350 Elecrtic Expenses 250 Telephone Expenses 340 Store Rent Expenses 1,900 repair supplies espenses 450 insurance expenses 200 Depreciation expenses repair equiptment 120 Income tax expenses 65 30,585 30,585 Requirement #8: Prepare the closing entries at March 31 in the General Journal below. Hint: Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries. Requirement #9: Post the closing entries to the T-Accounts on the General Ledger worksheet and compute ending balances. Just add to the adjusted balances already listed. General Journal Account Number from Chart of Accounts tab Date Account Title from Chart of Accounts tab Debit Credit Requirement #10: Prepare a post-closing trial balance as of March 31 in the space below. Howard's Flight Radio Management Corporation Post-Closing Trial Balance March 31 Account Balance Title Debit Credit Account Number Requirement #11: Ratios Using the data from Income Statement and Balance Sheet prepared by you in step 7 compute the following ratios. Current Ratio Leverage Ratio Asset Turnover Ratio Net Profit Margin Ratios Rate of Return on Total Assets