The unadjusted trial balance of Lakota Freight Co. at March 31, 20Y4, the end of the year, follows: Lakota Freight Co. UNADJUSTED TRIAL BALANCE March 31, 2014 ACCOUNT TITLE DEBIT CREDIT 1 Cash 12,000.00 2 Supplies 32,000.00 3 Prepaid Insurance 3,600.00 100,000.00 4 Equipment 5 Accumulated Depreciation Equipment 25,000.00 6 Trucks 40,000.00 15,000.00 4,000.00 7 Accumulated Depreciation-Trucks Accounts Payable 9. Common Stock 10 Retained Earnings 29,000.00 29,600.00 11 Dividends 15.000.00 29,600.00 15,000.00 170,000.00 10 Retained Earnings 11 Dividends 12 Service Revenue 13 Wages Expense 14 Rerit Expense 15 Truck Expense 16 Miscellaneous Expense 46,000.00 10,200.00 9,000.00 4,800.00 272,600.00 272,600.00 17 Totals The data needed to determine year-end adjustments are as follows: A Supplies on hand at March 31 are $7,000 B. Insurance premiums expired during year are $1,800. C. Depreciation of equipment during year is $8,550. D. Depreciation of trucks during year is $6,000. E Wages accrued but not paid at March 31 are $500, Required: 1 For each account listed in the trial bafance, enter the balance in the appropriate Balance column of a four-column account and select the check mark in the Post Ref column 2. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet 3. a Journalize the adjusting entries on Page 26 of the journal Adjusting entries are recorded on March 31 Refer to the Chart of Accounts for exact wording of account titles to post the adjusting entries to the ledger, inserting balances in the accounts affected 4. Prepare an adjusted trial balance 5. a Prepare an income statement for the year ended March 31, 2074 If a net loss has been incurred, enter that amount as a negative number using a minus sign Be sure to complete the statement heading You will not need to enter colons() on the income statement. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names b. Prepare a statoment of stockholders' equity for the year ended March 31, 20Y4 additional common stock of $7,000 was issued. Be sure to complete the statement heading Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entre other than account names for those boxes in which you must enter subtracted or negative numbers use a minus sign.