Go step by step: 1.Do the adjusting entries for 2019 (page 4). 2.Produce the balance sheet for 2019 (page 5). 3.Carry the 2019 adjustments to 2020 to update the opening balances (page 6). 4.Find 2020 adjusting entries and other required balances and entries for 2020 (page 6). 5. Complete financial statements on page 7: a. Transfer the 201? restated balance sheet figures to column J. b.Write 2020 raw balance sheet figures on column E. c.Write the 2020 raw income statement figures on column E below. d.Write the adjusting entries to update the 2020 balance sheet and Income statement. e.Obtain the restated-adjusted balances both for balance sheet and income statement for 2020 (page 7). f.Calculate the differences on balance sheet by substracting 2020 figures from 2019's on column K. 6.Complete the cash flow on page 8. start from restated net income figure on page ?. 7.Please do not forget that your cash balances (January 1 and December 31, 2020) should reconcile to your cash flow statement. B.Reference column on pages 5 and 7 refers to your adjustmenting entries. 9.Plug in figure on page 6 does not require any entry just add it to Retained Earnings. 10.Please submit 8 pages of the term project on time, post it to Drop box please do not submit the project by e mail