The trial balance of Daphine Main Fashion Center contained the following accounts at December $31,$ the end of the company's fiscal year $2018.$ The company is using periodic inventory system.

DAPHINE MAIN FASHION CENTER

Post Closing TRIAL BALANCE

December $31,2018$

$\backslash$table$[[,$Debit,Credit$],[$Cash$,7050,],[$Accounts Receivable,$300,],[$Allowance for doubtful Accounts,,$50],[$Merchandise finished goods Inventory $(100$ units @ $$5),500,],[$Store Supplies,$200,],[$Store Equipment,$1000,],[$Accumulated Depreciation$-$Store Equipment,,$200],[$Land$,1000,],[$Prepaid Insurance,$300,],[$Non $-$ Trading Investments,$1000,],[$Trademarks$,1000,],[$Accumulated Amortization $-$ Trademarks,,$100],[$Accounts Payable,,$100],[$Mortgage payable,,$1000],[$Share Capital,,$10200],[$Retained Earnings,,$500],[$AOCI $-$ Unrealized gains on Non$-$Trading Investments,,$200],[$TOTAL$,12350,12350]]$

The following transactions occurred during $2019$:

$1-$ Feb. $1$: Purchased $50$ units of clothes @ $$6/$ unit cash.

$2-$ March $5$: Purchased additional piece of land for $$500$ on account.

$3-$ April $1$: Paid $$200$ of the mortgage.

$4-$ May $9$: Purchased additional store supplies for $$100$ cash.

$5-$ June $10$: Sold $100$ units of clothes @ $$20/$unit cash

$6-$ August $15$: Sold $40$ units of clothes @ $$20/$unit on account

$7-$ Oct $10$: Paid Salaries expenses $$500$ cash

$8-$ Dec $31$: Paid dividends $$200$ cash

Other data for $2019$:

Insurance expired during $2019$ amounted for $$50.$

An inventory count on December $31$ shows $$50$ of store supplies on hand.

Annual depreciation rate for the Store Equipments $(10\%)$ declining balance method.

The fair market value of the investments at $31$ December is $$1400$

Amortization for the Trademark amounted to $$100.$

An aging of receivables revealed that the Allowance for doubtful accounts should be $$150.$

The mortgage interest rate is $10\%$ per year.

Ending inventory of finished goods of clothes on $31$ December $2019$ revealed that there are $10$ units not sold. The company is using the Average Cost method for inventory valuation.

Required

$($a$)$ Prepare the journal entries for $2019.$

$($b$)$ Prepare an un$-$adjusted trial balance for the year $2019.$

$($c$)$ Journalize the adjusting entries for $2019.$

$($d$)$ Prepare an adjusted trial balance for the year $2019.$

$($e$)$ Prepare an Income statement, Statement of comprehensive income, Statement of changes in Equity and a classified Statement of Financial Position as of December $31,2019.$

$($f$)$ Journalize the closing entries.

$($g$)$ Prepare a post$-$closing trial balance at $31$ December $2019.$