Accounts receivable 32,500 Supplies Prepaid rent Inventory Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Common stock Retained earnings Sales revenue Cost of goods sold 65,000 10,000 26,100 3,00 30,000 80,880 16,e50 188,000 ce equipment 75,e00 95,800 Interest expense Salaries and wages expense 32,350 14,800 2,808 Rent expense Supplies expense Utility expense 6,008 345,15345,150 Totals Cash dividends paid to shareholders during the year amounted to $6.000 nformation necessary to prepare the year-end adjusting entries appears below 1. The office equipment was purchased in 2016 and is being depreciated using the straight-line method over an eight year useful life with no salvage value 2 Accrued salaries and wages at year-end should be $4,500 3. The company borrowed $30,000 on September 1. 2018. The principal is due to be repaid in 10 years, Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10 4 The company debits supplies expense when supplies are purchased Supplies on hand at year-end cost $500 5. Prepaid rent at year-end should be $1,000 1. Complete the worksheet below 2-e. Use the information in the worksheet to prepare an income statement for 2018 the information in the worksheet to prepare a statement of shareholders' equity for 2018 2-c. Use the information in the worksheet to prepare a balance sheet as of December 31, 2018 3. Prepare the necessary closing entries assuming that adjusting entries have been correctly posted to the accounts