Tunstall, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Debit Credit Cash 42,000 Accounts receivable 11,600 Supplies 900 Prepaid insurance 800 Service trucks 19,000 Accumulated depreciation 9,200 Other assets 8,300 Accounts payable 3,000 Wages payable Income taxes payable Notes payable, long-term 17,000 Common stock (5,000 shares outstanding) 400 Additional paid-in capital 19,000 Retained earnings 6,000 Service revenue 61,360 Wages expense 16,200 Remaining expenses (not detailed; excludes income tax) 17,160 Income tax expense Totals 115,960 115,960 Data not yet recorded at December 31 included: The supplies count on December 31 reflected $300 in remaining supplies on hand to be used in the next year. Insurance expired during the current year, $800. Depreciation expense for the current year, $3,700. Wages earned by employees not yet paid on December 31, $640. Income tax expense, $5,540. Data not yet recorded at December 31, 2014, included:.a. The supplies count on December 31, 2014, reflected $300 remaining supplies on hand to be used in 2015.b. Insurance expired during 2014, $800.c. Depreciation expense for 2014, $3,700.d. Wages earned by employees not yet paid on December 31, 2014, $640.e. Income tax expense, $5,540.Required: 1. Record the 2014 adjusting entries.2. Prepare an income statement and a classified balance sheet that include the effects of the preceding five transactions. 3. Record the 2014 closing entry.