Thanos Merchandising Company was established on January 1, 2019. As of December 31, 2019, the following additional information is available:

1. $5.000 of Office Supplies has been used.
2. Accrued interest revenue is $10.000.
3. $15.000 of prepaid rent has expired as of December 31, 2019.
4. As of December 31, 2017, $20.000 of the Unearned Service Revenue is earned.

Required:

1. Find the Marketing Expense for the year of 2019 (Hint: Write all the accounts to debit or credit sides while considering their nature. The total of debit and credit sides should be equal.) (10 points)
2. Prepare and journalize the adjusting entries. (20 points)
3. Prepare the adjusted trial balance. (20 points)
4. Journalize the closing entries. (20 points)
5. Prepare Income Statement and Statement of Financial Position (Balance Sheet) of Thanos Service Company in proper form. (30 points)