as follows (amoeints in thousands). -48 CHAPTER 4 Completing the Accounting Cycle Other dit 1. A physical count reveals only Z480 of roofing supplies on hand. 2. Depreciation for March is V250. 3. Unearned revenue amounted to 260 at March 31 . 4. Accrued salaries are Y700 Instructions a. Adjusted trial balance a. Enter the trial balance on a workshect and complete the worksheet. 224,450 b. Prepare an income statement and a retained eamings statement for the month of March and a classified b. Net income 2,420 statement of financial position at March 31 . Total assets $17,680 c. Journalize the adjusting entries from the adjusments columns of the workshoet. d. Journalize the closing entries from the financial statenent columns of the worksheet. P4.1 (Page 4-48) Requirements: a. Open the three-column accounts for the accounts listed in the trial balance together with the following three additional accounts: Salaries and Wages Payable - Supplies Expense - Depreciation Expense Then insert the account balances given in the trial balance into the accounts opened. b. Journalize and post adjusting entries necessary. c. Prepare the adjusted trial balance. d. Prepare an income statement and a retained earnings statement for the month of March and a classified statement of financial position at March 31 . e. Journalize and post closing entries necessary. f. Prepare the post-closing trial balance