The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $58,500 on June 30 of the prior year, and the owner invested $22,000 cash during the current fiscal year. Account Title ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number 101 Cash 126 Supplies 128 Prepaid insurance 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable 203 Interest payable 208 Rent payable Debit $ 15,000 7,500 Credit 6,500 136,420 $ 20,000 5,400 0 0 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 301 V. Ace, Capital 0 8 28,000 80,500 302 V. Ace, Withdrawals 31,000 403 Construction revenue 134,000 612 Depreciation expense-Equipment B 623 Wages expense 47,000 633 Interest expense 3,080 637 Insurance expense 0 640 Rent expense 10,000 652 Supplies expense 0 683 Property taxes expense 4,400 684 Repairs expense 2,100 690 Utilities expense 4,900 $ 267,900 $ 267,900 Totals Adjustments: a. Supplies available at the end of the current fiscal year total $2,700. b. Cost of expired insurance for the current fiscal year is $4,095. c. Annual depreciation on equipment is $8,500. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $1,700 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $300. g. Additional property taxes of $600 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30). 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. ACE CONSTRUCTION COMPANY Work Sheet