Q4) Using the information from 3, Prepare the Income statement and the Statement of Financial Position.

3. Complete the worksheet below after making adjusting entries for the following data: O Insurance expired, $100 O Depreciation, $1,000 @ Earned $300 of unearned service revenue Accrued salaries, $200 O Accrued interest expense on the note payable, $50 0 Service revenue earned but not received, $200 O Supplies on hand at year's end, $1,000 Trial Balance Adjustments Income Statement Balance Sheet Account Dr Cr Dr Cr Dr Cr Cash 13100 13,160 A/R 8000 200 8, 200 Prepaid Insurance 400 100 300 Supplies 2000 1, 500 1. 000 Equipment 51500 51. 500 Accumulated Depreciation 12000 1, 080 13,000 Notes Payable 3000 3.000 Unearned Service Revenue 1500 300 1,20% Share Capital 39000 39, 080 Retained 19000 Earnings 17, 650 Service Revenue 4000 500 4.500 Salaries Expense 2000 200 2,200 Utilities Expense 1500 1, 500 Insurance Exp. 106 100 Depreciation Exp 1.000 1.600 salaries Pay. 20t 200 Interest Exp. 50 50 Interest Pay . 50 50 Supplies Exp. 1.080 1, 600 78500 78500 2.856 2,850 5,850 4.500 14, 100 74,100 Net Loss 1,350 5,850 5,850