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The following amounts represent the adjusted trial balance for the RR Donald \& Co. at the company's year end December 31, 2022: Instructions - Prepare: a An Income Statement for the year ended Dec. 31, 2022 b A Statement of Owner's Equity for the year ended December 31, 2022 (there were no investments in 2022) c A classified Balance Sheet as of December 31, 2022 d The necessary closing entries Seiected account Dalances derukc aujus tment Ior screwDall Co. at December 31, 2022 (end of the current year) are shown below: Please type your adjusting journal entries below Information regarding December 2022 adjusting entries: a. Screwball borrowed $250,000@12% issuing a 120-day note payable dated December 16th, 2022 b. On May 1st Screwball paid $36,000 for insurance coverage for the twelve month period commencing May 1st. HINT: Adjusting entries relative to this item have already been recorded for the months of May through November. c. On November 1 st Screwball accepted $48,000 for annual subscriptions related to a monthly newsletter. HINT: An adjusting entries relative to this item have already been recorded for the month of November. d. Screwball accepted a 18%,$100,000,45-day note receivable from LAMCO dated December 2nd, 2022 e. On Friday January 2, 2023 Screwball employees were paid $30,000 for the TWO five-day work week then ended f. Screwball had received a $5,200 cash advance on December 1 st for services to be rendered over the four month period beginning December 1, 2022 and ending March 28, 2023 g. A pitiful LAM took an inventory of supplies at Dec. 31st claiming that $8,300 were on-hand. h. Depreciation on equipment for December 2022 was calculated to be $1,520

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