Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate 2 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, 2024, appears below. of 2 Account Title Cash Accounts receivable Debits $ 33,200 Credits 41,400 Supplies Inventory Notes receivable 2,200 61,400 21,400 Interest receivable Prepaid rent 1,600 Prepaid insurance 7,400 Office equipment 85,600 Accumulated depreciation $ 32,100 Accounts payable 32,400 Salaries payable Notes payable 51,400 Interest payable Deferred sales revenue 2,700 Common stock 69,800 Retained earnings 32,000 Dividends 5,400 Sales revenue 153,000 Interest revenue Cost of goods sold 77,000 Salaries expense 19,600 Rent expense 11,700 Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 1,800 0 3,700 $ 373,400 $ 373,400 TULARS Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,700. 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, 2024, were $1,100. 3. On October 1, 2024, Pastina borrowed $51,400 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, 2024, the company lent a supplier $21,400, and a note was signed requiring principal and interest at 8% to be paid on February 28, 2025. 5. On April 1, 2024, the company paid an insurance company $7,400 for a one-year fire insurance policy. The entire $7,400 was debited to prepaid insurance at the time of the payment. 6. $680 of supplies remained on hand on December 31, 2024. 7. The company received $2,700 from a customer in December for 1,100 pounds of spaghetti to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8. On December 1, 2024, $1,600 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $800 per month. The entire amount was debited to prepaid rent at the time of the payment. Required: 1 to 3. First, post the unadjusted balances from the unadjusted trial balance that was given and the adjusting entries that were made in Problem 2-3 into the appropriate T-accounts (on the T-accounts tab). Then prepare an adjusted trial balance. 4-a. Prepare an income statement for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $5,400 in cash dividends were paid to shareholders during the year. 4-b. Prepare a statement of shareholders' equity for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $5,400 in cash dividends were paid to shareholders during the year. 4-c. Prepare a classified balance sheet as of December 31, 2024. Assume that no common stock was issued during the year and that