Please show work

Required information Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) On January 1, 2021, Red Flash Photography had the following balances: Cash, $22,000; Supplies, $9,000; Land $70,000; Deferred Revenue, $6,000: Common Stock $60,000; and Retained Earnings, $35,000. During 2021, the company had the following transactions: 2. May 1. February 15 Issue additional shares of common stock, $30,000. 20 Provide services to customers for cash, $45,000, and on account, $40,000. 3. August 31 Paysalaries to employees for work in 2021, $33,000. 4. October 1 Purchase rental space for one year, $22,000. 5. November 17 Purchase supplies on account, $32,000. 6. December 30 Pay dividends, $3,000. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,000 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,000 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed