The Serial Exercise involves a compary that will berevisited throughout relecant chapters in Volume 1 and Volume 2. You can complete the Serial Exercises using MyLab Accounting: E4-19 This exercise continues recordkeeping for the Canyon Canoe Company from previous chapters. Required Complete the worksheet at December 31, 2020. Use the unadjusted trial balance from Chapter 2 and the adjusting entries from Chapter 3 . If you have not completed them, you can still answer this question with the following information: At December 31 , the business gathers the following information for the adjusting entries: a. At December 31, the office supplies on hand totaled $165. b. Prepaid rent of one month has been used. (Hint: Total is for three months.) c. Determine the amortization on the building using straight-line amortization. Assume the useful life of the building is five years and the residual value is 55,000 . (Hint: The building was purchased on December 1.)