The pre-closing balances in the T-accounts of Chang Company at the end of the third year of operations follow. The current year's adjusting entries are identified by letters. Cash 25,000 Note Payable (6% interest rate) 6 Bal. 10,000 Bal Common Stock (10,090 shares) Bal. 10,000 Maintenance Supplies Bal. 880 (a) Interest Payable 1 (b) Retained Earnings Bal. 500 600 12,000 Service Equipment 90,000 Income Taxes Payable of Service Revenue Bal. Bal. 13,020 214,000 10,000 Accumulated Depreciation, Service Equipment Bal. 21,000 (d) 9,000 Wages Payable (e) Remaining Assets 44,800 400 Bal. Unearned Revenue 10,000 Bal. Additional Paid-in Capital Bal. 40.000 13,600 Bal. (a) (b) (d) Expenses 160,000 500 600 9,000 400 13,020 Required: 1. Develop three trial balances for Chang Company using the following format: 3. Record the closing journal entry at the end of the current year? 4. What was the average income tax rate for the current year? 5. What was the average issue (sale) price per share of the common stock? Complete this question by entering your answers in the tabs below. Req 1 Req 3 Req 4 and 5 Develop three trial balances for Chang Company using the following format: Account Unadjusted Trial Balance Debit Credit Adjusted Trial Balance Debit Credit Post-Closing Trial Balance Debit Credit Cash Maintenance supplies Service equipment Accumulated depreciation, service equipment Remaining assets Note payable Interest payable Income taxes payable Wages payable Unearned revenue Common stock Additional paid-in capital Retained earnings Service revenue Expenses