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QUESTION #1 Ali began operations as a private investigator on January 1, 2018. The trial balance columns of the work sheet for Ali ,P.I. at March 31 are as follows: Trial Balance Account titles Dr. Cr. Cash $100,420 Accounts Receivable 49,556 Supplies 9,340 Prepaid Insurance 21,220 Equipment 264,000 Notes Payable $88,100 Accounts Payable 108,780 Ali Capital 176, 100 Ali Drawings 5,280 Service Revenue 119,956 Salaries Expense 19,360 Travel Expense 11,440 Rent Expense 10,560 Miscellaneous Expense 1,760 $492,936 $492,936 Other data: 1. Supplies on hand total 2. Depreciation per quarter is 3. Interest accrued on 6-month note payable, iss 4. Insurance expires at the monthly rate of 5. Services provided but unbilled at March 31 total January 1, 3,344.00 8,800.00 2,640.00 1.760.00 4,664.00 Instructions: (a) Prepare the adjusting entries. (a) Prepare the closing entries. (c) Prepare an income statement and owner's equity statement for the quarter and a classified balance sheet at March 31. Ali did not make any additional investments in the business during the quarter ended March 31, 2018