The information necessary for preparing the 2013 Year-end adjusting entries for Vito's Pizza Parlor appears below. Vito's financial year-end is December 31, 2. On July 1, 2013, purchased $10,000 of Singapore Airlines bonds at principal amount. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 12%. b. Vito's depreciable equipment has a cost of $30,000, a five-year life, and no salvage value. The equipment was purchased in 2010. The straight-line depreciation method is used, o On November 2013, the bar area was leased to a Jack Donaldson for one year. Vito received $6,000 representing the first six months rent and credited uneamed rent revenue, a. On April, 2013, the company paid $2,400 for a two-year fire and liability insurance policy and debited insurance expense. e. On October 2013, the company borrowed $20,000 ribm a local bank and signed a note Principal and interest at 12% will be paid on September 30, 2014 At year end there is a $1,800.debit balance in the supplies (asset) account. Only $700 ot.supplies remain on hand. Required: 1. Prepare the necessary adjusting journal entries at December 31, 2013. 2. Determine the amount by which net income would be misstated if Vito failed to make these adjusting entries. Ignore income tax expense.)