RST Ltd. Financial Balances as of May 31, 2024:

Account	Amount
Cash	$13,000
Accounts Receivable	$19,000
Supplies	$3,000
Accounts Payable	$5,000
Salaries Payable	$2,000
Building	$65,000
Accumulated Depreciation	$16,000
Bank Loan	$35,000
Common Stock	$45,000
Retained Earnings	$20,000

Requirements:

1. Prepare a trial balance.
2. Record adjusting entries for the following:
   • Depreciation expense: $4,000
   • Supplies expense: $2,500
3. Create an adjusted trial balance.
4. Draft a balance sheet.
5. Discuss the impact of depreciation on financial statements.