Excatibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting yearend. The company uses the perpefual inventory system. Information necessary to prepare the year-end adjusting enties appears below. 1. The office equipment was purchased in 2022 and is being depreciated using the straight-line method over a ten.year useful life with no residual value. 2. Accrued salaries at yeariend should be $4,500. 3. The company borrowed $30,000 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 $500. 5. Prepaid rent expared during the period is $13.000. Cash dividends pald to shareholders during the year amounted to $6.000 Complete the worksheet below. Use the Information in the worksheet to prepare an income statement for 2024. Use the information in the worksheet to prepare a balance sheet as of December 31,2024. Note: Amourts to be deducted shoeld be indicated by a munus sign. Excatibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting yearend. The company uses the perpefual inventory system. Information necessary to prepare the year-end adjusting enties appears below. 1. The office equipment was purchased in 2022 and is being depreciated using the straight-line method over a ten.year useful life with no residual value. 2. Accrued salaries at yeariend should be $4,500. 3. The company borrowed $30,000 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 $500. 5. Prepaid rent expared during the period is $13.000. Cash dividends pald to shareholders during the year amounted to $6.000 Complete the worksheet below. Use the Information in the worksheet to prepare an income statement for 2024. Use the information in the worksheet to prepare a balance sheet as of December 31,2024. Note: Amourts to be deducted shoeld be indicated by a munus sign