The unadjusted trial balance of MZM Grocery Store on December 31, 2021 is shown below: MZM Grocery Store Unadjusted Trial Balance December 31, 2021 Debit Credit Cash ......... . 300,000 Accounts Receivable........ .... 220,000 Merchandise Inventory .... 350,000 Prepaid Insurance.. .. 24,000 Prepaid Rent .... 48,000 Delivery Equipment .... 180,000 Accumulated Depreciation - Delivery Equipment...... 33,000 Furniture and Fixtures ...... .. 72,000 Accumulated Depreciation - Furniture and Fixtures. 13,200 Accounts Payable..... 40,000 Notes Payable (due in 2022).. 100,000 Paul, Capital..... 600,000 Paul, Drawing.... . 50,000 Sales.... 841,300 Sales Discount... ... 2,000 Purchases.... .... 300,000 Purchase Discount .... 10,000 Purchase Returns and Allowances..... 5,000 Freight-in . .. 2,500 Freight-out.. ... 5,000 Salaries Expense . 60,000 Utilities Expense ...... ... 4,000 Advertising Expense .. 25,000 Total.. 1.642,500 1 642,500 Additional information: a. The merchandise on hand at the end of the year amounted to P80,000. (The zeroing out of the beginning inventory and setting up of the ending inventory are recorded by the firm as part of closing entries.) The one-year insurance was acquired on October 1, 2021 and will expire on September 30, 2022. The rent paid in advance covers November 2021 up to April 2022. d. Accrued salaries for the month of December is P12,000. e. Depreciation expense for delivery equipment that remains to be unrecorded is P3,000. Unrecognized Depreciation expense for furniture and fixtures amounts to P1,200. Jance'is emiliomeet (Pe forfurniture and fixtigres aminute to " .200 imel Eight-column worksheet (same as ten-column worksheet but the columns for the adjusted trial balance is omitted) Income Statement 3. Statement of Changes in Equity 4. Statement of Financial Position Closing Entries 6. Post-closing Trial Balance