The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7 , 620 b. Expired insurance, $5 , 139 c. Depreciation expense for machinery, $2 , 910 Required: 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity. 4. Prepare a balance sheet. 5. Journalize the adjusting entries in the general journal. 6. Journalize the closing entries in the general journal. 7. Prepare a postclosing trial balance. Analyze: If the adjusting entry for expired insurance had been recorded in error as a credit to Insurance Expense and a debit to Prepaid Insurance for $5 , 139 , what reported net income would have resulted? Complete the worksheet. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Insurance for $5 , 139 , what reported net income would have resulted? Complete this question by entering your answers in the tabs below. Prepare a general journal. Journal entry worksheet 2 ? 3 ? 4 ? 5 ? 6 ? 7 ? Note: Enter debits before credits. Prepare a postclosing trial balance