Case Instructions Instructions Solve the following case. on a separate sheet. Neatly show your for each requirement for the following case. (Adapted: Horngren) The end-of-month trial balance of St. Paul Technology at January 31, 2012, follows: ST. PAUL TECHNOLOGY Trial Balance January 31, 2012 Account Debit Credit Cash $ 16,260 Accounts receivable 18,930 Inventory 65,000 Supplies 2,580 Building 188,090 Accumulated depreciation-building $ 35,300 Furniture 44,800 Accumulated depreciation-furniture 5,500 Accounts payable 27,900 Salary payable Unearned sales revenue 6,480 Note payable, long-term 85,000 Tarsus, capital 152,190 Tarsus, drawing 9.100 Sales revenue 179,930 Sales discounts 7,100 Sales returns and allowances 8,080 Cost of goods sold 101,900 Selling expense 21,380 General expense 9,080 Total $492,300 $492,300Additional data at January 31, 2012: a. Supplies consumed during the month, USD1,400. Half is selling expense, and the other half is general expense. b. Depreciation for the month: building, USD3,800; furniture, USD4,600. One-fourth of depreciation is selling expense, and three-fourths is general expense. c. Unearned sales revenue earned during January, USD4,420. d. Accrued salaries, a general expense, USD1, 100. e. Inventory on hand, USD63,460. St. Paul uses the perpetual inventory system. Requirements 1. Using four-column accounts, open the accounts listed on the trial balance, inserting their unadjusted balances. Date the balances of the following accounts January 1: Supplies; Building; Accumulated depreciation- building; Furniture; Accumulated depreciation- furniture; Unearned sales revenue; and Tarsus, capital. Date the balance of Tarsus, drawing, January 31. Also open the Income summary account.2. Enter the trial balance on a worksheet, and complete the worksheet for the month ended January 31, 2012. St. Paul Technology groups all operating expenses under two accounts, Selling expense and General expense. Leave two blank lines under Selling expense and three blank lines under General expense. 3. Prepare the company's multi-step income statement and statement of owner's equity for the month ended January 31, 2012. Also prepare the balance sheet at that date in report form. 4. Journalize the adjusting and closing entries at January 31. 5. Post the adjusting and closing entries