The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Account Title Cash Credits Debits 20,000 Accounts receivable 35,000 Prepaid rent 5,000 Inventory 50,000 Equipment 100,000 Accumulated depreciation 30,000 Accounts payable 25,000 Salaries payable -0- Common stock 100,000 Retained earnings Sales revenue 29,000 323,000 Cost of goods sold 180,000 Salaries expense 71,000 Rent expense 30,000 Depreciation expense -0- Utilities expense 12,000 Advertising expense 4,000 Totals 507,000 507,000 The following year-end adjusting entries are required: a. Depreciation expense for the year on the equipment is $10,000. b. Salaries at year-end should be accrued in the amount of $4,000. Required: 1. Prepare and complete a worksheet similar to Illustration 2. Prepare an income statement for 2021 and a balance sheet as of December 31, 2021. Illustration Source: Microsoft Excel 2007 Worksheet, Dress Right Clothing Corporation, July 31, 2021 Account Tides Unadjusted Trial Balance Dr. Cr Cash 6 Accounts receivable 7 Supples Prepaid Rent Inventory 10 Office equipment 11 Accumulated depreciation 12 Accounts payable 13 Notes payable 14 Defened rent revenue 15 Salaries payable 16 Horest payable 17 Common stock 18 Hetained eamings 19 Sales revenue 68 500 20 Rent revenue 21 Cest of goods sold 22 Salaries expense 23 Supples expense 24 Rent expense 25 Depreciation expense 26 Interest expense 27 Dividends 20 29 Total 30 Net income 31 32 Total Shout! 0 Dr. Adjusting Entries Cr. Adjusted Trial Balance Income Statement Cr Dr. Cr Dr. Balance Sheet Dr. Cr 68.500 68500 2000 2,000 2,000 2.000 (1) 800 1.200 1200 24.000 2) 2000 22.000 22.000 38,000 38,000 30000 12000 12,000 12,000 200 35,000 200 35.000 200 35.000 40.000 40.000 40.000 1,000 (4) 250 750 750 al (5) 5,500 5.500 5500 333 60,000 333 60.000 330 60000 38.500 38.500 38.500 (4) 250 250 250 22 000 22,000 22.000 5.000 5 5.500 10,500 10,500 (1) 800 800 800 (2) 2000 2,000 2.000 200 200 200 6) 333 333 333 1.000 174500 1,000 1.000 174.500 2.013 2003 180.533 100.533 2917 2912 38.750 38.750 144.700 144.700