Yellow Tree Tnc., proxides lawm and tree care services in Charleston. WN . Thas agribuainess Transactions: 1 Lawn and tree care service revenue eamed and accrued but unrecorded and uncollected total $25,000 at December 31,2019 2 Yellow Tree Inc. determined that $15,000 of previously unearned services fees had been eamed at December 31,2019 . 3. The business had office supplies on hand at December 31,2019 of $300. 4. Yellow Tree purchased all of its equipment when it first began business. At that time, the estimated useful life of the equipment was six years (72 months). 5. Yellow Tree prepaid its nine-month rent agreement on June 1, 2019. 6. The company prepaid its six-month insurance policy on December 1,2019. 7. Yellow Tree has accrued but unpaid salaries of $12,000 at December 31,2019 . 8. On September 1, 2019, Yellow Tree borrowed \$60,000 by signing an 8-month, 4 percent note payable. The entire amount, plus interest, is due on March 1,2020 . 9. The agribusiness' accounting finm estimates that income taxes expense for the entire year is $50,000. The unpaid portion of this amount is due early in 2020 . Instructions a. Complete the necessary adjusting journal entries (total of 9 entries) based on the above transactions ( 1-9) b. Prepare an adjusted trial balance on December 31,2019 . c. Using the adjusted trial balance prepared above, prepare an income statement and statement of retained earnings for the year ended December 31, 2019 1/1 Retain Eamings + Net Income - Dividends = 12/31 Retained Eamings d. Prepare the company's balance sheet dated December 31, 2019 e. Complete the necessary closing entries (total of 4 entries) to close the temporary accoumts on December 31,2018