As of December $31,$ a search revealed the following information. Record any necessary adjusting entries for the year on the Adjusting Entries

$\backslash$table$[[53,1,$The computer equipment purchased on November $1$ has a $5-$year life and an expected residual $($salvage$)$ value of $$3000.],[54,2,$Record any interest that has accrued on the note signed on November $1$ for the computer system.$],[55,3,$The rent paid on November $2$ is for two years beginning on November $1.],[56,4,$The insurance policy purchased on November $18$ is effective beginning December $1.],[57,5,$Supplies on hand as of December $31$ totaled $$1320.],[58,6,$The delivery truck purchased on December $1$ has a $10-$year life and an expected residual $($salvage$)$ value of $$4000.],[59,7,$Accrue the interest, if needed, on the note signed on December $1.],[60,8,$Record any bad debt expense for the year ended December $31.$ Round answer to the whole dollar if needed.$],[61,9,$Utilites accrued but not yet paid as of December $31$ totaled $$6600.]]$

Post all the Adjusting Entires to the Ledger on the Ledger tab.

Based on the account balances in the ledger, create an adjusted trial balance on the Adjusted Trial Balance tab.

Based on the adjusted trial balance, prepare a multi$-$step income statement on the Income Statement tab.

Based on the adjusted trial balance, prepare the statement of stockholders' equity on the Equity Statement tab.

Based on the adjusted trial balance, prepare the balance sheet on the Balance Sheet tab.

Prepare the closing entries $($DO NOT POST them to the ledger, just produce the entries$).$ When journaling, close the accounts in the order they appear on the Trial Balance. Do one entry for revenue accounts, one for expense accounts and one for dividend accounts.

Calculate the ratios on the Ratios tab.

Answer questions $3-10$ completely.