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Quesiton 2 - Using the additional information and the worksheet provided, record the year-end adjustments in the Adjustments column and extend all amounts to the income statement and the balance sheet columns, Balance the worksheet. Additional Information (12 marks) 1. Inventory of supplies at year-end is $300. 2. Unexpired insurance at year-end is $475. 3. Closing inventory of merchandise is $10 000. 4. Depreciation for furniture uses the declining-balance method. Furniture depreciates at 20% per year. Saad Enterprise Year Ended December 31, 2020 INCOME STATEMENT BALANCE SHEET Dr Cr Dr Cr ACCOUNTS Bank Accounts Receivable Merchandise Inventory Supplies - Prepaid Insurance Furniture e Accounts Payable - S. Saad, Capital S. Saad, Drawings Sales - Purchases Wages Expense General Expense Worksheet TRIAL BALANCE ADJUSTMENTS Dr Cr Dr Cr 6000 12000 14000 1450 900 10000 8000 35350 2000 30000 20000 6000 1000 73350 73350 5 - e