The unadjusted trial balance of Fratner Investment Advisers at December 31, 2014 follows:

Requirement 1. Prepare a worksheet for

FratnerFratner

Investment Advisers at

DecemberDecember

3131 ,

20142014.

The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Complete the worksheet one section at a time beginning with the Adjustments section. Enter the adjustments along with the adjustment letter references (a), (b), (c),etc.into the columns as appropriate. In the following step, complete the Adjusted Trial Balance. Lastly, complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.

Requirement 2. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account format. Assume that there were no contributions made by the owner during the year. Begin by preparing the income statement. Review the Income Statement columns of the worksheet completed in Requirement 1.

I need Requirements 1, 2, 3 answered. Thank you!

Fratner Investment Advisers Unadjusted Trial Balance Account Title Cash Accounts Receivable Office Supplies Equipment Credit s 33,000 42,000 5,000 22,000 $ 10,000 Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term Fratner, Capital Fratner, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Rent Expense Depreciation Expense Total 3,000 7,000 49,000 34,000 94,000 2,000 35,000 6,000 11,000 $ 190,000 $190,000