The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $20,000 on June 30 of the prior year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number 101 Account Title Cash 126 Supplies 128 Prepaid insurance 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable Debit $ 16,500 9,500 Credit 6,500 148,620 $20,000 5,600 200 210 213 251 203 Interest payable Rent payable Wages payable Property taxes payable Long-term notes payable 28,000 307 Common stock 55,500 318 Retained earnings 20,000 319 Dividends 26,000 403 Construction revenue 147,000 612 Depreciation expense-Equipment 623 Wages expense 40,000 633 Interest expense 3,080 637 Insurance expense 0 640 Rent expense 15,000 652 Supplies expense 683 Property taxes expense i 4,500 684 Repairs expense 2,600 690 Utilities expense 3,800 Totals $276,100 $276,100 Adjustments: a. Supplies available at the end of the current fiscal year total $3,420. b. Cost of expired insurance for the current fiscal year is $4,095. c. Annual depreciation on equipment is $8,200. d. June utilities expense of $510 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $510 amount owed must be recorded. e. Employees have earned $1,100 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $400. g. Additional property taxes of $800 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 accrued interest for June has not yet been paid or recorded. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 38 Required 3C Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. ACE CONSTRUCTION COMPANY Work Sheet For Year Ended June 30 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Number 101 Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $16,500 126 Supplies 9.500 6,080 3,420 128 Prepaid insurance 6,500 4,095 2,405 167 Equipment 148.620 168 Accumulated depreciation-Equipment 20,000 8,200 28,200 201 Accounts payable 5,600 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 403 Construction revenue 28,000 55,500 20,000 26,000 147,000 6121 Depreciation expense-Equipment 623 Wages expense 40,000 1,100 41,100 633 Interest expense 3,080 280 3,360 637 Insurance expense 4,095 4,095 640 Rent expense 15.000 400 15,400 O 652 Supplies expense 683 Property taxes expense 4,500 800- 5,300 684 Repairs expense 2,600 690 Usities expense 3.800 510 Totals Net Income Totals $ 7,185 $18,375 4,310 $ 79,390 $ 28,200 0 0 276,100 276,100 0 0 $ $