Problem \#1 (12 points) The following is a partial list of accounts and their balances were taken from the unadjusted trial balance of the Caleb Company as of Dec. 31, 2021, its fiscal year end: Prepare the ANNUAL adjusting entries associated with the following ftems (write "no entry" if none is needed). Note, if the appropriate account is not listed above, you must assume it has a $0 balance. (a) Rent was collected on 9/1/2021. It was a 6 month lease. (b) At the end of the year, Caleb had supplies on hand of $500. (c) The Note Payable is a 5 year note with a 12% interest rate, payable semi-amnually on 5/1 and 11/1. The money was borrowed on 11/1/2021. If reversing entries were made on 1/1/2022, what entry would Caleb make for the payment of interest on 5/1/2022 (Just the interest payment)? (d) Ignore prior information. If cash revenues exceeded cash expenses by $30,000 for 2021 . If inventory decreased by $600 during the year and accounts pavable increased by $900 during the year, what was accrual net income