The unadjusted trial balance of the Solid Systems Company as of December 3t, 2019 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Solid Systems Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Roview the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry. if any 2) Based on a physical count, supplies on hand total $5,550. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equpment is expected to have a 5 year useful life, and be worth about $12,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any 4) On December 26, the client poid a $12.60060-day foe in advance, covering December 27 to February 24. Review the unodjusted balance in Unearned Consulting Revenue, and prepare the nocessary adjusting entry, if any. 5) Solid Systems's employee eams $220 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of Decembec Solid Systems agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $5,340. The terms of the initial agreement call for Solid Systems to provide services from December 12,2019 , through January to, 2020, or 30 days of service. The club agrees to pay Solid Systems $5,340 on January 10,2020 , when the service period is complete. Review the unadjusted balance in Consulting rovenue, and prepare the necessary adjusting entry, If any. For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before odjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.)