The unadjusted trial balance (TB tab) is for Rex Ryan Construction Company as of December 31, 2018. The January 1, 2018 credit balance for the Owner's Capital account was 46,900; and the owner invested $40,000 cash in the Company during the 2018 year. REQUIRED: 1. Prepare and complete a 10 column work sheet for 2018, starting with the unadjusted trial balance and including adjustments based on these additional facts. a. The supplies available at December 31 were 7,900. b. The cost of expired prepaid insurance for 2018 was 10,600. c. Annual depreciation on equipment is 7,000. d. The December utilities expense of 800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The 800 amount owed needs to be recorded. e. The Company's employees have earned 2,000 of accrued and unpaid wages at December 31, 2018 f. The rent expense incurred and not yet paid or recorded at December 31 was 3,000 g. The Company entered into a contract on October 1 to demolish two bulidings at a cost of 65,000 a building. On October 1, the Company received the cash in advance for the total contract value of 130,000 and properly credited the unearned demolition fees account. At December 31, a review of the work performed to date, supports that one of the two bulidings has been demolished and the revenue on that building has been earned. h. On December 31, 2018, the Company completed its first consulting project and earned $20,000 in revenue. The amount will be billed in January 2019. 2. Using information from the completed 10-column work sheet in Part 1 (TB Tab), journalize the adjusting entries (AJE Tab) and the closing entries (CE Tab). 3. Prepare the income statement (IS Tab) and the statement of owner's equity (SOE Tab) for the year ended December 31, 2018 and the classified balance sheet (BS Tab) at December 31, 2018. The unadjusted trial balance (TB tab) is for Rex Ryan Construction Company as of December 31, 2018. The January 1, 2018 credit balance for the Owner's Capital account was 46,900; and the owner invested $40,000 cash in the Company during the 2018 year. REQUIRED: 1. Prepare and complete a 10 column work sheet for 2018, starting with the unadjusted trial balance and including adjustments based on these additional facts. a. The supplies available at December 31 were 7,900. b. The cost of expired prepaid insurance for 2018 was 10,600. c. Annual depreciation on equipment is 7,000. d. The December utilities expense of 800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The 800 amount owed needs to be recorded. e. The Company's employees have earned 2,000 of accrued and unpaid wages at December 31, 2018 f. The rent expense incurred and not yet paid or recorded at December 31 was 3,000 g. The Company entered into a contract on October 1 to demolish two bulidings at a cost of 65,000 a building. On October 1, the Company received the cash in advance for the total contract value of 130,000 and properly credited the unearned demolition fees account. At December 31, a review of the work performed to date, supports that one of the two bulidings has been demolished and the revenue on that building has been earned. h. On December 31, 2018, the Company completed its first consulting project and earned $20,000 in revenue. The amount will be billed in January 2019. 2. Using information from the completed 10-column work sheet in Part 1 (TB Tab), journalize the adjusting entries (AJE Tab) and the closing entries (CE Tab). 3. Prepare the income statement (IS Tab) and the statement of owner's equity (SOE Tab) for the year ended December 31, 2018 and the classified balance sheet (BS Tab) at December 31, 2018