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LONG PROBLEM. 30 points. Lars Linken opened Lars Cleaners on March 1, 2020. Below is its unadjusted trial balance as at March 31, 2020: Debit Credit Cash $ 63,200.00 Accounts Receivable 6,300.00 Supplies 2,000.00 Prepaid Insurance 2,400.00 Prepaid Rent 1,500.00 Equipment 7,200.00 Accumulated Depreciation Accounts Payable 700.00 Salaries Payable Notes Payable 60,000.00 Interest Payable Unearned Fees 2,000.00 L. Linken's Capital 15,000.00 L. Linken's Drawings 900.00 Service Revenue 7,900.00 Depreciation Expense Insurance Expense Interest Expense Maintenance and Repairs Expense 350.00 Rent Expense Salaries Expense 1,750.00 Supplies Expense Total $85,600.00 $85,600.00 Adjustments: a. Services performed but unbilled and uncollected at March 31, 2020 were $1,200. b. Cleaning equipment was bought on March 1, 2020 for $7,200. The annual depreciation for the equipment is $2,400. c. The 6-month Insurance policy bought was effective starting March 1, 2020. d. An inventory count shows $280 of cleaning supplies on hand at March 31, 2020. e. Accrued but unpaid employee salaries were $1,080. Prepaid rent was for the months from March 1 through May 31. g. The 3-year note payable was taken from a bank on March 1, 2020 with interest at 6%. Interest is to be paid starting April 1,2020 or every start of the month until maturity. h. $1,200 of the unearned fees was earned on March 31, 2020. f. REQUIREMENTS: 1) Prepare all necessary adjusting journal entries for Lars Cleaners (8 points). Omit explanations. Use only the accounts provided in the trial balance. There will be a 1-point deduction for every entry in excess of what is necessary. Use the corresponding letter to properly identify the required adjusting journal entries. 2) Prepare a classified (whether current or noncurrent) statement of financial position (7.5 points), income statement (5 points) and statement of owner's equity (2.5 points) for the Company for March 31, 2020. Include all necessary headings /titles, subtotals, subheadings, etc. We will be looking for the following: correct headings, financial statements in good form, subtotal and total amounts. 3) Prepare the necessary closing entries for the month ending March 31, 2020 (7 points). 4) Prepare the reversing entry/entries that the bookkeeper can enter in the journal on April 1, 2020