The Closing Process The Trial Balance section of the worksheet for Contemporary Fashions for the period ended December 31, 2019, appears below. Adjustments data are also given ADJUSTMENTS a. Supplies used, $3,600 b. Expired insurance, $2,400 c. Depreciation expense for machinery, $1,200 INSTRUCTIONS 1. Complete the worksheet. 2. Prepare an income statement 3. Prepare a statement of owner's equity Contempora Worksheet Month Ended December 31, 2019 TRAL BLANG ACCOUNT NAME CREDI 40 8 0 0 00 9000 00 L?Repold insurnce 10 8 00 00 (b) 240 0 00 3 500oo 4 58000 7 Accounts Puyoble Helen Kennedy, Capital Helen Kennedy, Drowing 6000 00 82 50000 I1 Supples Expense 3 60 0 00 2|410 01 00 13 Salaries Expense 170 500005 8 0 00 20000 7210 0100