E3.15 (LO 2, 3, 4) AP The trial balances before and after adjustment for Lane Company at October 31, 2021, which is the end of its fiscal year, are as follows: Prepare adjusting entries from analysis of trial balances and prepare financial statements from adjusted trial balance. Before Adjustment Debit Credit After Adjustment Debit Credit $ 9,100 $ 9,100 8,700 9,230 2,450 710 3,775 2,525 34,100 34,100 $ 3,525 $ 5,800 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Notes payable Salaries payable Interest payable Unearned revenue 5,900 5,900 40,000 40,000 0 1,125 0 500 1,600 900 5,600 5,600 10,000 10,000 45,000 46,230 o 2,275 0 E. Lane, capital E. Lane, drawings Service revenue Depreciation expense Insurance expense Interest expense Rent expense Salaries expense Supplies expense Totals 1,500 15,000 1,250 2,000 15,000 18,125 1,740 $106,055 17,000 O $101,625 $101,625 $106,055 Instructions a. Prepare the adjusting entries that were made. b. Prepare Lane Company's income statement, statement of owner's equity, and balance sheet