Vila Dental Agencies current fecal year ended on December 31, 2018. For the year then ended, the company has reported an unachusted net income of $100 000. The owner has some doubt about this figure and has asked you to review his accounting records Required: Make adjusting entries as a December 31, 2018 for the following information uncovered in your review (show your calculations for ful marks): Vita occupied their new building for the first time on May 1, 2018. The building has an estimated 15-year useful life and annual amortization is 40,000. No amortivation has been recorded for 2018 b) The Dental Supplies account showed an opening balance of $1,900 on January 1, 2018 During the year, the owner used Dental Supplies asset account to record the purchase of another 52,985 of supplies. The year-end physical count of office supplies inventory only showed 50 unused Dental Supplies on hand c) The Prepaid Insurance account showed an opening balance on January 1", 2018 of $1,200 representing the 3 months remaining on a 1-year insurance policy bought on April 1, 2017 At the expiration of this policy on March 31, 2018, the owner paid $6,000 for another 1 year policy. At year end, the accounting manager incorrectly debited Insurance Expense instead of Prepaid Insurance to record the purchase of this renewal on March 31, 2018