The following are the trial balance and the other information related to Donald Consulting Engineer.

DONALD CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2020
		Debit			Credit
Cash		$29,500
Accounts Receivable		57,900
Allowance for Doubtful Accounts					$732
Supplies		1,560
Prepaid Insurance		1,480
Equipment		30,100
Accumulated Depreciation-Equipment					6,550
Notes Payable					7,200
Common Stock					10,000
Retained Earnings					27,977
Service Revenue					114,437
Rent Expense		9,516
Salaries and Wages Expense		34,390
Utilities Expenses		1,780
Office Expense		670
		$166,896			$166,896

1.		Fees received in advance from clients $6,390, which were recorded as revenue.
2.		Services performed for clients that were not recorded by December 31, $5,111.
3.		Bad debt expense for the year is $1,434.
4.		Insurance expired during the year $443.
5.		Equipment is being depreciated at 10% per year.
6.		Donald gave the bank a 90-day, 10% note for $7,200 on December 1, 2020.
7.		Rent of the building is $732 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense.
8.		Office salaries and wages earned but unpaid December 31, 2020, $2,438.

From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts) No. Account Titles and Explanation Debit Credit 1. Service Revenue 6390 Unearned Service Revenue 6390 2. Accounts Recevable 5111 Service Revenue 5111 3 3. Bad Debt Expense 1434 Allowance for Doubtful Accounts 1434 4. 4 Insurance Expense 443 Prepaid Insurance 443 5. Depreciation Expense 3010 Accumulated Depreciation-Equipment 3010 6. Interest Expense Interest Payable 7. Prepaid Rent 732 Rent Expense 732 8. Salaries and Wages Expense 2438 Salarles and Wages Payable 2438 Prepare an income statement for 2020. (Enter loss using either a negative sign preceding the numbereg-45 or parentheseses (45)) DONALD CONSULTING ENGINEER Income Statement For the Quarter Ended December 31, 2020 Revenues Service Revenue $ $ $ $ Prepare a retained earnings statement for 2020. Donald paid a $16,550 cash dividend during the year. (recorded in Retained Earnings.) (List items that increase owner's capital first.) DONALD CONSULTING ENGINEER Statement of Retained Earnings For the Year Ended December 31, 2020 $ $ Prepare a classified balance sheet for 2020. (List Current assets in the order of liquidity) DONALD CONSULTING ENGINEER Balance Sheet Assets $ $ Liabilities and Owner's Equity $