Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2024, appears Delow. December 31 is the company's reporting year-end. The company uses the perpetual inventory system. Account Title Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable (long-term) Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expense Salaries expense Rent expense Supplies expense Utility expense Totals Debits $ 47,990 Credits 22,000 2,500 19,000 51,000 63,000 $ 8,190 24,400 2,800 28,200 70,000 14,200 5,250 205,000 107,500 0 29,950 0 4,600 $ 352,790 $ 352,790 Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2022 and is being depreciated using the straight-line method over an eight-year useful life with no residual value. 2. Accrued salaries at year-end should be $4,200. 3. The company borrowed $28,200 on September 1, 2024. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10%. 4. The company debits supplies when supplies are purchased. Supplies on hand at year-end cost $380. 5. Prepaid rent expired during the period is $13,500. Cash dividends paid to shareholders during the year amounted to $5,250.