The skyline motel opened for business on may 1, 2017. its trial balance before adjustment on may 31 is as follows. skyline moteltrial balancemay 31, 2017account number debit credit101 cash $ 3,600 126 supplies 2,050 130 prepaid insurance 3,000 140 land 12,000 141 buildings 62,400 149 equipment 15,400 201 accounts payable $ 11,700208 unearned rent revenue 3,000275 mortgage payable 40,000311 common stock 36,000429 rent revenue 12,500610 advertising expense 600 726 salaries and wages expense 3,300 732 utilities expense 850 $103,200 $103,200in addition to those accounts listed on the trial balance, the chart of accounts for skyline motel also contains the following accounts and account numbers: no. 142 accumulated depreciation—buildings, no. 150 accumulated depreciation—equipment, no. 212 salaries and wages payable, no. 230 interest payable, no. 619 depreciation expense, no. 631 supplies expense, no. 718 interest expense, and no. 722 insurance expense. other data: 1. prepaid insurance is a 1-year policy starting may 1, 2017.2. a count of supplies shows $800 of unused supplies on may 31.3. annual depreciation is $3,120 on the buildings and $1,536 on equipment.4. the mortgage interest rate is 12%. (the mortgage was taken out on may 1.)5. two-thirds of the unearned rent revenue has been earned.. 6. salaries of $800 are accrued and unpaid at may 31.a: journalize the adjusting entries on may 31.b: prepare an adjusted trial balance on may 31. (round answers)c: prepare a retained earnings statement for the month of may 31.