Complete a worksheet for Debbie's Dance Studio for the month ended February 28, 201X, using the normal account balances listed below. Once the worksheet has been completed, create the income statement, statement of owner's equity, and balance sheet. Then journalize the adjusting entries and the closing entries. Add any necessary account titles to the bottom of the list as we have done in class. Your adjustment data is below. For any answer that is not a round number, round to two decimal places. a) Insurance expired is $100. b) Dance Supplies on hand are 1,100. c) Depreciation on dance equipment should be calculated using straight-line depreciation. The dance equipment has a $500 salvage value and 7 years of useful life. Round to 2 decimal places. d) Rent was prepaid for 7 months. Determine the monthly amount expired for February. e) Salaries earned by employees but not be to paid until next month, $1,000. Accounts and their Normal Balances Cash 50,000 Accounts Receivable 10,800 Prepaid Insurance 800 Prepaid Rent 1,400 Dance Supplies 1,400 Dance Equipment 9,600 Accounts Payable 10,000 D. Dalia, Capital 45,500 D. Dalia, Withdrawals 400 Dance Fees Earned 21,800 Salaries Expense 1,700 Telephone Expense 700 Advertising Expense 500