with step by step explanation please

Problem 2 The following unadiusted trial balance: The data needed to determine 2021 year-end adjustments are as follows: - Insurance contract was for 12 month, covering the period from 1 April 2022 till 31 March 2022. Insurance expense is accrued evenly $1000 per month. - Supplies on hand at December 31, $500. - Depreciation of building for the year, $12000. REQUIRED: 1. Journalize each transaction 2. Prepare adjusted trial balance as of December 31,2021 3. Prepare the Statement of financial position as at 31 of December 2021 and Income Statement for 2021