The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Debit Credit $ 8,200 14,900 860 132,000 $ 22,300 4,900 Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals 13,100 162,070 52,700 145,000 93,000 45, 710 $ 347, 370 $347,370 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,575. b. Annual depreciation on the musical equipment is $22,300. C. Accrued salaries at December 31 totalled $6,800. d. It was determined that $685 of the balance in the Office Supplies account had been used. Required: 1-3. Use the above information to complete the work sheet. Required: 1-3. Use the above information to complete the work sheet. MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $ 8,200 14,900 860 132,000 22,300 4,900 13.100 162,070 Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Depreciation expense, musical equipment Salaries payable Office supplies expense Totals 52,700 145,000 93,000 45,710 347,370 $ 347,370 S $ 0 $ S $ 0 $ $ 0 $ 0 S 0 $ 0 Totals $ 0 $ 0 S 0 $ 0 4. Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet. Balance in the capital account