P$3-70$B$.($Learning Objectives $3,4$: Adjust the accounts; construct the financial statements$)$ Consider the unadjusted trial balance of Royal, Inc., at December $31,2023,$ and the related month$-$end adjustment data. Adjustment data at December $31,2023,$ include the following: Accrued service revenue at December $31,$ $$3,850.$ Prepaid rent expired during the month. The unadjusted prepaid balance of $$3,300$ relates to the period December $1,2023,$ through February $28,2024.$ Supplies used during December, $$2,120.$ Depreciation on furniture for the month. The furniture$$s expected useful life is five years. Accrued salary expense at December $31$ for Monday, Tuesday, and Wednesday. The five$-$day weekly payroll is $$14,000$ and will be paid on Friday. Requirements Prepare the adjusted trial balance of Royal, Inc., at December $31,2023.$ Key each adjusting entry by letter. Prepare the single$-$step income statement, the statement of retained earnings, and the classified balance sheet. Draw arrows linking the three statements.