Using the Partial worksheet below, complete the following:

From the partial worksheet for Josh's Supplies in Figure 12.15, do the following: 1. Complete the worksheet. 2. Prepare an income statement, a statement of owner's equity, and a classi- fied balance sheet. (Note: The amount of the mortgage due the first year is $890.) 3. Journalize the adjusting and closing entries. FIGURE 12.15 Worksheet for Josh's Supplies JOSH'S SUPPLIES WORKSHEET FOR YEAR ENDED DECEMBER 31, 201x Trial Balance Adjustments Account Titles Cash Accounts Receivable Merch. Inventory, 1/01/1X Prepaid Insurance Equipment Accum. Dep., Equipment Accounts Payable Unearned Training Fees Mortgage Payable P. Josh, Capital P. Josh, Withdrawals Income Summary Sales Sales Returns and Allowance Sales Discount Purchases Purchases Returns and Allow Purchases Discounts Freight-In Advertising Expense Rent Expense Salaries Expense 25 0000 2700 (B)1060000 (A)11 2 0000 (E)5 4000 1120000 19 1000 3 50000 104 000 5 05 000 2 18000(C)35000 1 2 6 000 (D)3 7000 1050000 43 1 0 00 (A)11 2 0000 (B)10600 00 962 5 000 324 000 259 000 6380000 13 60000 31 7 0 00 2 70000 1090000 1010000 13 60000 133 05 oloo 133 05 0 00 Totals (C)3 5 00o Training Fees Earned Dep. Exp., Equipment Insurance Expense (D)3 70 0o (E)54 00o 23 06 000 Totals 23 06000