Yanovitch Enterprises, Inc. had the following General ledger as of June 30, 2019: Account Cash Accounts receivable Supplies inc, had the following account balances in its LY. Building Dr. 8,000 12,000 3,000 675,000 Accumulated depreciation $375,00 Accounts payable Salaries payable Deferred revenue Common stock Retained earnings Services revenue Depreciation expense Advertising expense Salaries expense Utilities expense Totals 15,000 4,000 8,000 50,000 246,000 $698,00 $698,00 : 00 Between July 1 and December 31, 2019, Yanovitch had the following transactions: a. Provided services worth $120,000. Of that amount, clients paid $90,000 and owe Yanovitch the remaining $30,000. b. Purchased $10,000 of supplies on account. c. Paid employee salaries of $50,000, which included the unpaid salaries at the end of June. d. Paid $25,000 on November 1 to Zhou Concepts, an advertising and design firm, for an advertising campaign that will cover the period November 1, 2019 to March 31, 2020. e. Paid $20,000 on December 31 to vendors for previous purchases on account. In addition, the following facts are available about accounting matters: f. The $8,000 balance of deferred revenue related to work that Yanovitch agreed to do for Nguyen Corp. Yanovitch completed that work during October. g. Depreciation on the building for the period July 1 to December 31, 2019 is estimated to be $10,000. h. Depending on how you chose to address item (d), you may need an adjusting entry to correct account balances related to advertising as of December 31, 2019. i. Yanovitch owes employees for $8,000 of work they did in the last week of December. They will pay the employees for this work in the first week of January. i. Unpaid utilities bills for the July 1 - December 31, 2019 period as of December 31, 2019 total $9,000. 3. Provide the closing entry for December 31, 2019. Date Accounts T Dr. Dr. cr. Cr. 4. Present Yanovitch's Income Statement for the period July 1, 2019 through December 31, 2019 and classified Balance Sheet as of December 31, 2019