Part $1$ Jannik Sinner $,$ a skilled software developer and technology enthusiast, founded his own software consulting firm, One Solution, after gaining expertise through years of working in the tech industry. In January $2024,$ he undertook various business transactions. Below are the tasks related to these transactions: $$ Jan $1$: Invested $$250,000$ in his business account. $$ Jan $1$: Prepaid $$12,000$ in cash for next $12$ months' business insurance in advance. $$ Jan $1$: Purchased a laptop priced at $$30,000$ in cash. $$ Jan $1$: Made credit purchases of office furniture for $$36,000$ Jan $2$ purchased $$3,000$ office supplies in cash. $$ Jan $6$: Completed a data system analysis report for a client and received $$22,000$ payment in $$ cash. $$ Jan $10$: Paid the full amount of the account payable incurred from furniture purchase on Jan $1.$ Jan $19$: Received $$30,000$ in cash from the client for website development, which will be $$ completed and delivered next month. $$ Jan $20$: Completed a $$35,000$ mobile software development project for a client, who will pay $$ within $45$ days. $$ Jan $25$: Designed a database system for a client and the job was completed, $$17,500$ on credit. $$ Jan $22$: Received $$25,000$ as partial payment for the work completed on Jan $20$ mobile software $$ development. $$ Jan $31$: Paid employee salaries totaling $$40,000.$ Jan $31$: Withdrew $$8,000$ in cash from the business account for his vacation. $$ Jan $31$: Purchased $$2,000$ of additional office supplies on credit. $$ Jan $31$: Paid $$3,500$ for the month's rent, $$1,000$ for the utility bill, $$800$ for internet bill, and $$500$ cell phone bill. Required a$.$ Prepare journal entries to record the transactions. b$.$ Posting to T$-$Accounts. c$.$ Prepare Unadjusted Trial Balance. Part $2$ Use the following information to prepare any adjusting entries required: $1.$ The examination of an insurance policy revealed that month insurance had expired. $2.$ One months' worth of property maintenance expenses, totaling $$350,$ have accrued and has not been recorded. $3.$ An office supplies check revealed that there were $$1,500$ worth of unused supplies on hand. $4.$ Need to record the depreciation expense for the computer, which will be used for $3$ years with zero salvage value. $5.$ Need to estimate depreciation expense for the furniture, which will be used for $5$ years with $$6,000$ salvage value. $6.$ A website development project was completed, and this $$3,000$ invoice should have been recorded and charge to the client$$s account. Required: a$.$ Prepare adjusting journal entries and adjusted trial balance. b$.$ Prepare an income statement for the year ended December $31,2023.$ c$.$ Prepare a statement of changes in equity for the year ended December $31,2023.$ d$.$ Prepare a balance sheet statement for the year ended December $31,2023$ e$.$ Prepare closing entries