The trial balance of Happy Co. is shown below. The following are the year-end adjustments: 1. 2% of the total account's receivable is doubtful of collection. 2. Depreciation for the year is not yet recognized. The equipment has a 10-year useful life. Happy Co. uses the straight-line method. 3. The notes payable was issued on September 1, 20x1. Interest of 10% is due annually. 4. Happy rents its office space. Monthly rental of P 2,000 is due at the end of each month. Happy Co. has not yet paid its rent for the month of December 31, 20x1. Requirements: a. Prepare the year-end adjusting entries b. Complete the worksheet below The trial balance of Happy Co. is shown below. The following are the year-end adjustments: 1. 2% of the total account's receivable is doubtful of collection. 2. Depreciation for the year is not yet recognized. The equipment has a 10-year useful life. Happy Co. uses the straight-line method. 3. The notes payable was issued on September 1, 20x1. Interest of 10% is due annually. 4. Happy rents its office space. Monthly rental of P 2,000 is due at the end of each month. Happy Co. has not yet paid its rent for the month of December 31, 20x1. Requirements: a. Prepare the year-end adjusting entries b. Complete the worksheet below