This unadjusted trial balance is for Challenger Construction at the end of its fiscal year, September 30, 2020. The beginning balance of the owners capital account was $48,000 and the owner invested another $23,000 cash in the company during the year.

Challenger Construction Unadjusted Trial Balance September 30, 2020
		Unadjusted Trial Balance
No.	Account		Dr.			Cr.
101	Cash	$	21,600
126	Supplies		16,800
128	Prepaid insurance		9,120
149	Land not currently used in operations		46,000
167	Equipment		104,000
168	Accumulated depreciation, Equipment				$	40,100
191	Copyright		5,600
201	Accounts payable					7,700
203	Interest payable					0
210	Wages payable					0
251	Long-term notes payable					46,000
301	Chris Challenger, capital					71,000
302	Chris Challenger, withdrawals		66,000
401	Construction revenue					251,040
612	Depreciation expense, equipment		0
623	Wages expense		95,600
633	Interest expense		1,100
637	Insurance expense		0
640	Rent expense		26,000
652	Supplies expense		0
683	Business taxes expense		12,000
684	Repairs expense		4,620
690	Utilities expense		7,400
	Totals	$	415,840		$	415,840

Additional information:

1. The inventory of supplies at the end of the year had a cost of $3,000.
2. The cost of expired insurance for the year is $7,980.
3. Annual depreciation of the equipment is $17,200.
4. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $710 amount needs to be recorded.
5. The companys employees have earned $3,800 of accrued wages.
6. The interest expense of $110 for September has not yet been paid or recorded.

Required: 1. Prepare a 10-column work sheet for fiscal 2020, starting with the unadjusted trial balance and including the above additional facts:

2. Use the work sheet to prepare the adjusting and closing entries.

3-a. Prepare an income statement for the year September 30, 2020.

3-b. Prepare a statement of changes inequity for the year September 30, 2020.

3-c. Prepare a balance sheet for the year September 30, 2020. $14,000 of the long-term note payable is to be paid by September 30, 2021.

please do all the required parts ..