The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $50,600 on June 30 of the prior year, and the owner Invested $27,000 cash during the current fiscal year ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable Debit Credit $17,500 7,000 6,500 136,450 $ 20,000 6,400 203 Interest payable 200 Rent payable 210 Wages payable 8 213 Property taxes payable e 251 Long-term notes payable 301 V. Ace, Capital 25,000 77,600 302 V. Ace, withdrawals 27,500 403 Construction revenue 137,000 6121 Depreciation expense-Equipment e 623 wages expense 44,000 633 Interest expense 2,750 637 Insurance expense 640 Rent expense 13,000 652 Supplies expense e 683 Property taxes expense 4,500 604 Repairs expense 690 utilities expense 2,500 4,300 Totals $266,000 $ 266,000 Adjustments a. Supplies available at the end of the current fiscal year total $2.520. b. Cost of expired Insurance for the current fiscal year is $4,095. c. Annual depreciation on equipment is $8.300. d. June utilities expense of $540 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $540 amount owed must be recorded. e. Employees have earned $1,500 of accrued and unpaid wages at fiscal year-end. 1. Rent expense Incurred and not yet paid or recorded at fiscal year-end is $300. 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end h. $250 of accrued interest for June has not yet been paid or recorded. Required: 1. 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. 20. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30). 36. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30