The ledger of Young Wang, Financial Consultant, contains the following account The following information is also available. balances on 30 June 2021. 1. A physical count of office supplies reveals that supplies totalling RM840 are on hand at Debit Credit 30 June 2021 Account title RM RM 2. The balance in the Unearned Consulting Fees account includes RM2,400 earned for Accounts Payable 15,920 services rendered in the last week of June 2021. Accounts Receivable 18,520 3. Estimated depreciation on the office equipment is RM4,280. Depreciation on the building Accumulated Depreciation - Building 128,000 is RM17,520. Accumulated Depreciation - Office Equipment 12.840 4. The prepaid insurance was purchased on 1 April for 12 months ending 31 March 2022. Agency Commission Revenue 9,860 5. The monthly mortgage payment is RM1,800. Interest expense for June 2021 RM440 was due and unpaid. Building 304,000 6. The June 2021 telco.costs for RM640 are unrecorded. No invoice has been received Cash at Bank -CIMB Bank 10,400 Cash at Bank - HSBC Bank 7. Salaries of RM1,960 were owing to employees at 30 June 2021. 5,000 Consulting Fees Revenue 313,720 Courier Expenses 3,860 REQUIRED: Discount Allowed 6,000 Electricity Expense 1,520 (a) Prepare the income statement for the year ended 30 June 2021. Insurance Expense 1,760 (13 marks) Interest Expense 4,180 (b) Prepare the statement of changes in equity for the year ended 30 June 2021. Land 120,000 (4 marks) Mortgage Payable 174,400 (c) Prepare the balance sheet as at 30 June 2021. Office Equipment 46,800 (11 marks) Office Supplies (d) Show the adjusting entries for insurance expense. 2,280 (2 marks) Prepaid Insurance 1,560 Rates Expense 2,200 Rent Revenue 12,000 Salaries Expense 175,880 Telco. Expense 3,480 Unearned Consulting Fees 4,000 Young Wang, Capital 132,260 Young Wang, Drawings 105,560 808,000 808,000