Sunland Advertising was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31 2020. SUNLAND ADVERTISING TRIAL BALANCE DECEMBER 31, 2020 Unadjusted Adjusted Dr. Cr. Dr. Cr Cash $17.510 $ 17.510 Accounts Receivable 28.500 32.195 Supplies 9.300 3,684 Prepaid Insurance 5.020 4.246 Equipment 68,520 68.520 Accumulated Depreciation Equipment $ 26,690 $31.900 Accounts Payable 35,042 35,042 Interest Payable -0 159 Notes Payable 5,300 5.300 Unearned Service Revenue 6,720 5.397 Salaries and Wages Payable -0 1391 Equipment 68,520 68,520 Accumulated Depreciation-Equipment $ 26,690 $31.900 Accounts Payable 35,042 35,042 Interest Payable -0- 159 Notes Payable 5,300 5,300 6,720 5,397 Unearned Service Revenue Salaries and Wages Payable -0- 1.391 Common Stock 9,320 9,320 Retained Earnings 3,750 3.750 Service Revenue 58,688 63.706 11,140 Salaries and Wages Expense Insurance Expense 12.531 774 Interest Expense 450 609 Depreciation Expense 5.210 Supplies Expense 5,616 Rent Expense 5,070 5,070 $ 145,510 $ 145,510 $ 155,965 $ 155,965 Journalize the annual adjusting entries that were made. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Dec 31 (To record accrued service revenue) 2 Dec. 31 I (To record earned service revenue) 3. Dec 31 (To record supplies used) Dec 311 Prepare an income statement for the year ending December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.s. (45).) SUNLAND ADVERTISING Income Statement Prepare a statement of retained earnings for the year ending December 31, 2020. (List items that increase retainee first.) SUNLAND ADVERTISING Statement of Retained Earnings Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity) SUNLAND ADVERTISING SUNLAND ADVERTISING Balance Sheet Assets Liabilities and Stockholders' Equity Answer the following questions. (Round interest rate to o decimal places, c.8.7%) (1) If the note has been outstanding 3 months, what is the annual interest rate on that note? The annual interest rate (2) If the company paid $ 13,600 in salaries and wages in 2020, what was the balance in salaries and Wages Payable on December 31, 20192 The balance in Salaries and Wages Payable