Worksheet The Fiorillo Company has the following account balances on December 31, 2010 prior to any adjustments: Debit Credit Cash $ 1,900 Accounts receivable 4,700 Allowance for doubtful accounts $ 60 Inventory 8,700 Prepaid insurance 600 Land 4,100 Buildings 38,000 Accumulated depreciation: buildings 11,500 Equipment 10,700 Debit Credit Accumulated depreciation: equipment 3,100 Accounts payable 4,300 Notes payable (due March 1, 2011) 1,400 Unearned rent 1,200 Mortgage payable (due January 1, 2015) 7,300 Capital stock (2,000 shares) 10,000 Retained earnings (January 1, 2010) 18,075 Dividends distributed 1,300 Sales revenue 49,355 Cost of goods sold 27,185 Salaries expense 4,080 Utilities expense 2,000 Office supplies expense 770 Delivery expense 1,275 Other expenses 980 Additional adjustment information: (a) depreciation on buildings, $1,100; on equipment, $600; (b) bad debts expense, $240; (c) interest accumulated but not paid: on note payable, $50; on mortgage payable, $530 (this interest is due during the next accounting period); (d) insurance expired, $175; (e) salaries accrued but not paid $370; (f) rent that was collected in advance and is now earned at year-end, $800; (g) office supplies on hand at year-end, $230 (expensed when originally purchased earlier in the year); and (h) the income tax rate is 30% on current income and is payable in the first quarter of 2011. Required 1. Transfer the account balances to a 10-column worksheet and prepare a trial balance