Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's fiscal year-end. Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Debits Credits $ 14,300 9,900 0 2,400 7,600 82,000 Notes Receivable Accounts Payable Salaries Payable. Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense: 24,000 25,500 Utilities Expense Totals 2,800 $ 8,300 0 5,500 0 88,200 20,300 46,200 0 $ 168,500 $ 168,500 In addition, the company had the following year-end adjusting entries. Transaction Accounts Title a. Salaries Expense Salaries Payable Debits Credits 2,300 2,300 Interest Receivable Interest Revenue 1,000 1,000 Supplies Expense 1,500 Supplies 1,500 Deferred Revenue 3,500 Service Revenue 3,500 Rent Expense 5,600 Prepaid Rent 5,600 Utilities Expense 400 Utilities Payable 400 Required: 1., 2.& 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts. 3. Prepare an adjusted trial balance. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December 31, 2024. 5. Record closing entries. 7. Prepare a post-closing trial balance. Balance at January 1 Dividends Balance at December 31 CRIMSON TIDE MUSIC ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Stock Retained Earnings Total Stockholders' Equity