Utilizing the adjusted Trial Balance calculated from \#2 above, generate an Income Statement and Balance Sheet. ADJUSTING ENTRIES TO BE MADE AS OF 1/31/23 a) On January 31st 2023XYZ took inventory and found supplies on hand to be $1,000 b) On January 25 th XYZ received $3,500 in cash for 20 pairs of Nike Air Jordan's to be delivered on 3/15/23 c) On January 23rd XYZ recorded $1,250 in Accounts Payable, but was actually Salaries \& Wages Payable d) On January 28 th the insurance company sent a letter stating that the insurance is worth $700 as of 1/31/23 e) On January 1st, purchased computer equipment for $3,500 to be depreciated for 7 months at $500 per month. Based on \#1 above, calculate the new Adjusted Trial Balance. Utilizing the adjusted Trial Balance calculated from \#2 above, generate an Income Statement and Balance Sheet. ADJUSTING ENTRIES TO BE MADE AS OF 1/31/23 a) On January 31st 2023XYZ took inventory and found supplies on hand to be $1,000 b) On January 25 th XYZ received $3,500 in cash for 20 pairs of Nike Air Jordan's to be delivered on 3/15/23 c) On January 23rd XYZ recorded $1,250 in Accounts Payable, but was actually Salaries \& Wages Payable d) On January 28 th the insurance company sent a letter stating that the insurance is worth $700 as of 1/31/23 e) On January 1st, purchased computer equipment for $3,500 to be depreciated for 7 months at $500 per month. Based on \#1 above, calculate the new Adjusted Trial Balance