TASK A Oman Food Industry Company's statement of financial position at December 31, 2017, is presented below. Oman Food Industry Company Statement of Financial Position December 31, 2017 re capital-crdinary carnings paya owance lan, 1 Oman Food Industry accepted a 6-month, 5% note from Nizwa Transport Company in payment of OR 1,500 Jan. 1 The unearned rent revenue of 6,600 was received for 6 months rent Jan. 2 Oman Food Industry purchased equipment for OR 13,000 on account. The equipment is being depreciated using the straight-line method over 5 years, with a residual value of 1,000. Jan. 3 Oman Food Industry wrote off as uncollectible the accounts of Barker Corporation OR 200 and Elmo Company OR 100. Jan. 8 Oman Food Industry purchased OR 5,500 of inventory on account Jan. 10 The patent was acquired for OR 500 cash and has a useful life of 10 years from that date Jan. 11Oman Food Industry sold for OR 3,000 on account inventory that cost OR 2,500. Jan. 15Oman Food Industry sold inventory that cost OR 120 to Mr Mohammed for OR 180 cash. Jan. 17Oman Food Industry collected OR 12,000 from customers on account. Jan. 21Oman Food Industry paid OR 11,300 on accounts payable. Jan. 27Oman Food Industry purchased supplies for OR 1,500 cash Jan. 31Oman Food Industry paid other operating expenses- OR 3,218. 1. Interest is recorded for the month on the note from January 1 2. Bad debts are expected to be 5% of the January 31, 2018, accounts receivable. 3. Unpaid salaries and wages at December 31, 2018, total 2,200. INSTRUCTIONS: (You need to set up T-accounts to determine ending balances) (a) Prepare journal entries for the transactions listed above and adjusting entries (b) Prepare an adjusted trial balance at January 31, 2018. (c) Prepare an income statement and a retained earnings statement for the month ending January 31.2018, and a classified statement of financial position as of January 31, 2018