The Trial Balance of Pacilio Security Services Inc as of Jan, 1 2018 had the following normal balances. Cash $93,708 Petty Cash $100 Account Receivable $22,540 Allowance for doubtful accounts $1,334 Supplies $250 Prepaid rent $3,600 Merchandise Inventory (18 @ $285) $5,130 Land $4,000 Salaries payable $2,100 Common stock $50,000 Retained earnings $75,894 During 2018 Pacillo Security Services experienced the following transaction: 1. Paid the salaries payable from 2017. 2. Purchased equipment and a van for a lump sum of $ 36,000 cash on January 2, 2018. The equipment was appraised for $10,000 and the van was appraised for $30,000. 3. Paid $9,000 on May 1, 2018 for one year's Office rent in advance. 4.Purchased $300 of supplies on account. 5.Purchased 120 alarm systems at a cost of $280 each. Paid cash for the purchase. 6.After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable. 7.Sold 115 alarm systems for $580 each. All sales were on accounts. (Be sure to compute cost of goods sold using the FIFO cost flow method.) 8.Billed $86,000 of monitoring services for the year. Credit card sales amounted to $36,000. The remaining $50,000 were sales on account. 9.Replenished the petty cash fund on June 30. The fund had $12 cash and receipts of $45 for yard mowing, $28 for office supplies expense , and $11 for miscellaneous exepenses. 11. Paid installers and other employees a total of $52,000 cash for salaries. 12. Collected $115,500 of accounts receivable during the year. 13.Paid $12,500 of advertising expense during the year. 14.Paid $6,800 of utilities expense for the year. 15. Sold the land, which was purchased in 2011, for $12,000. 16. Paid the accounts payable. 17.Paid a dividend of $10,000 to the shareholders. ADJUSTMENTS 18.Determined that $180 of supplies were on hand at the end of the year. 20.Recognized uncollectible accounts expense fo the year using the allowance method. Pacilio estimates that 3 percent of sales on account will not be collected. 21.Recognized depreciation expense on the equipment and the van. The equipment has a five year life and a $2,000 salvage value. The van has a four-year life and a $6,000 salvage value.The company uses straight-line for the van and the equipment. 22.Accrued salaries at December 31,3018, were $1,500. REQUIRED: c.Prepare a trial balance