After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30,2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021 ) follows. Business Solutions had the following transactions and events in December 2021. December 2 Paid 5960 cash to Hilloide Mal1 for Business Solutions's ahare of nal1 advertising costa. Deceaber 3 Pald $410 cash for minor repaira to the conpany's computer. December 4 Recelved 54, aso eash trom Alfix': Engineering Company for the recelvable from Novenber. Deceaber 10 paid canh to Lyn Addie tor six days of work at the rate of 5105 per day. December 14 tiotified by Nlex's Ingineering Company that Buainesn tolutions's bid of $7,400 on a proposed project has been accepted. Alex's pald a $2,300cash advance to Business solutions. Becember 13 purehaned 52,000 of conputer supplies on eredit fron llarria office Products. Decenber 16 Sent a reninder to conez company to pay the fee for services recorded on Novenber a. December 20 completed a project for Lid corporation and received 56,425 canh. Decenber 22-26 rook the week off for the holidays. December 26 Recelved $3,300 cash from Gomez Company on its receivablo. peceaber 29 Reinbursed 5 . Rey for business antotobile mileage (500 milea at $0.24 per mile). December 31 Faid $1,500 canh for dividenda. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of computer supplies shows $680 still avallable. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $105 per day. a. The December 31 inventory count of computer supplies shows $680 still available. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $105 per day. d. The computer system, acquired on October 1 , is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1 , is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31,2021 . 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare o statement of retained earnings for the three months ended December 31,2021. 6. Prepare a classified balance sheet as of Decehber 31,2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31,2021