Sandhill Management Services began business on January 1, 2020, with a capital investment of $112.000. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Sandhill Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Dr. Cr. Adjusted Trial Balance Dr. Cr. Cash 13,600 13,600 28.500 28.500 Accounts Receivable Prepaid Insurance Land 3,528 2,352 69.200 69.200 126,400 126,400 59,500 59,500 13,000 6,000 112,000 13,000 1.600 112,000 151,928 151,928 21,800 21,800 91.900 91.900 33,500 29.100 Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Owner's Drawings Service Revenue Rent Revenue Salaries and Wages Expense Advertising Expense Utilities Expense Totals Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense 42.300 42.300 20.200 20.200 18.900 18,900 403.928 403.928 1.176 6,300 3,000 3,300 11.100 Interest Payable 11.100 Totals 421,328 421,328 Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash 13,600 Accounts Receivable 28,500 Prepaid Insurance 3,528 Land 69,200 Buildings 126,400 Equipment 59,500 Accounts Payable 13,000 Unearned Rent Revenue 6,000 Mortgage Payable 112.000 Owner's Capital 151,928 Owner's Drawings 21,800 Service Revenue 91,900 Rent Revenue 29,100 Salaries and Wages Expense 42,300 Advertising Expense 20,200 Utilities Expense 18,900 Totals 403,928 403,928 Insurance Expense Depr. Expense Accum. Depr.Buildings Accum. Depr.-Equipment Interest Expense Interest Payable Totals Net Income Totals