After the success of the company's first two months, Santano Rey continues to operate Business Solutions. The November 30 , 2021 . unsojusted trial balance of Business Solutions (reflecting its trensections for October and November of 2021 ) follows. Business Solutions had the following transactions and events in December 2021. Deccmber 2 Paid \$1, 816 cash to Hillside Mall for Business solutions's share of mall advertising costs. Deccmber 3 Paid $440 cash for mindr repairs to the conpany 5 corputer. Decenber 4 Received $4,550 cash fron Alex's Engineering Conpany far the receivable from Novenber. Decenber 10 Paid cash to Lyn Addie for six days of work at the rate of \$1ee per day. Decenber 14 Notified by Alex 5 Engincering Corpany that Business solutions 5 bid of $7,120 on a proposed project has been accepted. Alex 5 paid a $1,900 cash advance to Business Solutions. Decenber 15 Purchased $1,500 af corputer supplies on credit fron Harris office Praducts. Decenber 16 Sent a reninder to Gonez Conpany to pay the fee for services recorded on Novenber 8. Decenber 28 Completed a project for Liu Corporation and received $5,775 cash. Deccmber 22-26 Took the weck off for the holidays. Decenber 28 Received \$3, 80e cash fron Gonez Company on its receivable. Decenber 29 Reinbursed S. Rey for business autonobile nileage (4ee niles at $2. 25 per mile). Decenber 31 Paid \$1,42e cash for dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the compeny's first three months. a. The December 31 inventory count of computer supplies shows $590 still svileble. b. Three months have expired since the 12 -month insurence premium wos poid in advance. c. As of December 31 , Lyn Addie has not been paid for four days of work at $100 per doy. d. The computer system, acquired on October 1, is expected to hove a four-year life with no salvage volue. 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' prepoid 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 scjusting entries to reflect o 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 acjusted triel balance as of December 31,2021. 4. Prepare an income statement for the three months ended December 31,2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare o clossified balunce sheet ss of December 31,2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing triel balance os of December 31,2021