00 Line following information applies to the questons displayed below. Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Part 3 of 5 Credits 10 points Debits 35,800 43,200 3,100 63,200 23,200 0 2.600 9.200 92,800 eBook Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends sales revenge Interest revenue Coat of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expenso Insurance expense Advertising expense Totals 34,800 34,200 0 53,200 0 3,600 82.400 36,500 Print References 7,200 162,000 0 36,000 20.500 12,603 8 2.700 0 4.600 406.700 406.700 Information necessary to prepare the year-end adjusting entries appears below Part 3 of 5 10 points Information necessary to prepare the year-end adjusting entries appears below, 1 Depreciation on the office equipment for the year is $11.600 2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1.600. 3. On October 1, 2021, Pastina borrowed $53.200 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years 4. On March 1, 2021, the company lent a supplier $23,200 and a note was signed requiring principal and interest at 8% to 5. On April 1, 2021, the company paid an insutance company $9.200 for a one-year fire insurance policy. The entire 6. $950 of supplies remained on hand at December 31, 2021 7. A customer paid Pastina $3,600 in December for 1550 pounds of spaghetti to be delivered in January 2022. Pastina 8. On December 1, 2021, $2,600 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,300 per month. The entire amount was debited to prepaid rent. Book Print References 4. Prepare an income statement and a statement of shareholders' equity for the year ended December 31, 2021, and a classified balance sheet as of December 31, 2021. Assume that no common stock was issued during the year and that $7,200 in cash dividends were paid to shareholders during the year Income Statement Statement of SE Part 3 of 5 Balance Sheet Prepare the income statement for the year ended December 31, 2021. (Other expenses should sign.) 10 points PASTINA COMPANY Income Statement eBook $ For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses 162,000 (86,000) 76,000 Print References Salaries expense Rent expense Depreciation expense Supplies expense Insurance expense Advertising expense 13,900 11,600 4,600 30,100 45,900 Total operating expenses Operating income Other income (expense) Interest revenue Interest expense 0 Income Statement Statement of Balance Sheet SE Prepare the statement of shareholders' equity for the year ended December 31, 2021. PASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Shareholders' Equity Balance at January 1, 2021 es Balance at December 31, 2021 Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be ded a minus sign.) PASTINA COMPANY Balance Sheet At December 31, 2021 Assets 0 0 0 Liabilities and Shareholders' Equity g