. The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? Prepare the

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. The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? Prepare the adjusted trial balance. Income statement Balance sheet. (#refer to the excel worksheet uploaded in week 5 and week 6 and look through the zoom consultation classes and recorded lectures) (To make the adjusted Trial balance use the same work sheet below. Income statement and balance sheet should be drawn up in the format explained in week 6 lesson) Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance Dr. Cr. Cash 975 Prepaid insurance 3,600 Supplies 180 Dr. Cr. Dr. 150 70 Equipment 10,320 Accounts payable- 1,140 Unearned fees 4,500 375 Owner, capital 9,180 Owner, withdrawals 1,650 Fees carned 5,850 1375 300 Rent expense 1,500 315 Salaries expense Utilities expense 2,100 345 Insurance expense Supplies expense 150 70 Salaries payable Depreciation expense, equipment Accumulated depreciation, equipment Accounts receivable 190 190 315 300 Total 20,670 20,670 1,400 1,400 Cr.