The unadjusted trial balance of Newport Inn Ltd at 30 June 2021 and the data needed for the adjustments are as follows: Adjustment data at 30 June 2021: a) As of 30 June, Newport had $600 of prepaid insurance remaining. b) At the end of the month, Newport had $700 of office supplies remaining. c) Depreciation on the building is $3,500. d) Newport pays its employees weekly on Friday. Its employees earn $1,500 for a fiveday work-week. 30 June falls on a Wednesday this year. e) On 19 May, Newport contracted to perform service for a client, receiving $2,500 in advance. Newport recorded this receipt of cash as Unearned Revenue. As of 30 June, Newport has $1,500 still unearned. Required 1. Prepare the financial statements (based on the adjusted trial balance): the income statement and the statement of changes in equity for the year ended 30 June 2021 and the balance sheet as at 30 June 2021