Rowe Inc. has been in operations for approximately 5 years. It is a private company, so the company prepares financial statements once a year. The company has no plans in the near future to go public. See the excel file for the trial balance. 1. The company has a two year insurance policy that was taken out on May 1th,2022. 2. On August 1st Rowe Inc. converted a customer that owed $50 from an accounts receivable to a notes receivable. Rowe Inc. borrows funds at 4% and the customer borrows funds at 5% 3. The company wrote off a customer for $10. The company estimates that 4% of the ending accounts receivable balance will not be collected. 4. The building was purchased 5 years ago. It has an estimated useful life of 20 years and a residual value of $20. 5. During the year the company purchased $2 in supplies. This has already been recorded. At the end of the year it was determined that there are $4 in supplies. 6. The company stopped business and physically counted inventory. Their inventory count at the end of the year was $202. 7. On October 1tt Rowe Ine. collected money in advance from Zine Inc, to provide consulting services over the next 8 months. The work will be done evenly over the contract. 8. Employees are paid every Monday for the previous work week. They work Monday to Friday. There are 3 employees and they each make $10 per week. This year December 31st is on Saturday. Figure out what opening retained earnings is assuming there are no errors in the trial balance. Put your adjustments in the adjustment columns and then prepare an adjusted trial balance ( 6 marks) If the company decided to dispose of their Montreal division and this meet the criteria