The following is Sandhill Cycle Repair Shop's trial balance at January 31, 2021, the company's fiscal year end SANGRILL CYCLE REPAIR SHOP Additional information 1. The 12 month insurance policy was purchased on June 1, 2020 2. Aphysical count of supplies shows $1.310 on hand on January 31, 2021 The building has an estimated useful life of 50 years. The equipment has an estimated useful life of years. The mortgage payable has a 6% interest rate. Interest is paid on the first day of each month for the previous month's Interest. By January 31, 2021. $1,300 of services related to the uncanned revenue have been provided During the next fiscal year. $4.500 of the mortgage payable is to be paid. Your answer is correct Prepare the adjusting entries. 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 Round answers to decimal places, s. 125.) Your answer is correct. Prepare an adjusted trial balance. (Round answers to 0 decimal places, SANDHILL CYCLE REPAIR SHOP Adjusted Trial Balance January 31, 2021 Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Unanned Revenue Mortgage Payable eres Pub H.Dude. Capital H. Dude Drawings Service Revenue desene surance pense Supplies Expense Depreciation Expense (c1) Prepare an income statement. SANDHILL CYCLE REPAIR SHOP Income Statement