THE QUESTION On March 31, 2022, Bombadier Ltd's opening trial balance was as follows. The company adjusts its accounts monthly. Credit Debit $14,550 3,200 7,300 15,000 Cash Accounts receivable Supplies Furniture Accumulated depreciation-Furniture Accounts Payable Salaries payable Deferred revenue Common shares Retained earnings Service revenue Salaries expense Utilities expense Depreciation expense Income tax expense $5,000 4,450 2,800 2,300 12,000 15,450 15,000 8,300 4,500 1,550 2,600 $57,000 $57,000 Additional information: 1. Supplies on hand are $5200. 2. Accrued salaries payable are $2,500. 3. Deferred revenue of $1,500 was earned during the month. The customer paid for the services in cash. 4. March utility bill of $700 has not yet been recorded or paid. The company has a payable account dedicated to utilities not yet recorded or paid. Required: a) Prepare adjusting entries for the month. b) Prepare an adjusted trial balance at March 31. c) Prepare a (1) statement of income, (2) statement of retained earnings, and (3) statement of financial position