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Online assignment M8S advertising agency had the following adjusted account balances on Dec.31.2021: Cash 50,000; Account receivable 1,500; supplies 2,500; equipment 21,000; Accumulated depreciation - equipment 3,000; account payable 22,000; share capital ordinary 20,000; Retained eamings 30,000. The following transactions occurred during the first 6 months of the year 2022: Jan.2.2022. M&S received $30,000 from customers in advance for services to be provided until the end of the year. Jan.5.2022. M \& S purchased $10,000 supplies and paid the amount in cash. Feb.15.2022. M \& S performed $7,000 of advertising services on account. March. 1. 2022. M \& S purchased $70,200 building and signed a 12\%, 18 months, 70,200 note. Apr. 20.2022. M \& S paid $15.000 in advance for insurance policy. This insurance policy will cover one year starting from Apr. 1.2022. May. 25.2022. M \& \$ paid its employees $45,000 for salaries and wages for the first five months of the year. You also know the following information regarding M\&S advertising agency: - The company prepares its financial statements semi-annually. - On June. 30.2022, A count of supplies had shown $300 of supplies on hand. - On June.30.2022, it was found that $40,100 services that were performed on account during the previous 6 months are not recorded. - On June. 30.2022, employees worked for one month that were not recorded nor paid (salaries are the same each month). - Depreciation on equipment is $1,300 each month, Depreciation on building is $2,400 each month. - Each month the company performs the same amount of its services obligation. Required: (1) Prepare the Trial balance on June.30.2022 for M8S advertising agency (2) Prepare the adjusted trial balance on June.30.2022 for M8S advertising agency (3) Prepare the income statement for the semi-annual period ending on June. 30.2022 for M\&S advertising agency (4) Prepare the Retained earnings statement for the semi-annual period ending on June.30.2022 for M\&S advertising agency (5) Prepare the balance sheet at June.30.2022 for M8S Advertising agency Note: all answers should be submitted th el file

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