The account balances from the December 31, 20X1, trial balance for Haman Accounting Services are shown below. HAMAN ACCOUNTING Trial Balance December 31, 20X1 Account Name Debit Credit Cash 7,300 Accounts receivable 3,300 Supplies 2,300 Prepaid rent 14,000 Equipment 13,000 Accounts payable 9,400 Erik Haman, Capital 21,000 Erik Haman, Drawing 4,300 Fees income 20,500 Salaries expense 4,300 Utilities expense 2,400 Totals 50,900 50,900 Prepare an income statement for the Haman Accounting Services for the month ended December 31, 20X1. Prepare a statement of owner’s equity for Haman Accounting Services for the month ended December 31, 20X1. Prepare a balance sheet for Haman Accounting Services as of December 31, 20X1.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000