Prepare the necessary adjusting journal entries on December 31, 2017 so as to bring the financial records of All Star Company up-to-date. Workings are required, but explanations are NOT required. If no adjusting entries are required, state "No entry" and name the accounting principle applied. (a) (9 marks) (b) Prepare the income statement of the Company for the year ended December 31, 2017, showing breakdown of items under the captions of Total Revenues, Total Expenses, Profit before Tax, Profit after Tax. (5 marks) 2017, showing breakdown (c) Prepare the statement of financial position as of December 31, and Total Liabilities & Shareholders' Equity. (11 marks) Prepare the necessary adjusting journal entries on December 31, 2017 so as to bring the financial records of All Star Company up-to-date. Workings are required, but explanations are NOT required. If no adjusting entries are required, state "No entry" and name the accounting principle applied. (a) (9 marks) (b) Prepare the income statement of the Company for the year ended December 31, 2017, showing breakdown of items under the captions of Total Revenues, Total Expenses, Profit before Tax, Profit after Tax. (5 marks) 2017, showing breakdown (c) Prepare the statement of financial position as of December 31, and Total Liabilities & Shareholders' Equity. (11 marks)