Information necessary to prepare the year$-$end adjusting entries appears below.

Depreciation on the office equipment for the year is $$11,000.$

Employee salaries are paid twice a month, on the $22$ nd for salaries earned from the $1$ st through the $15$ th$,$ and on the $7$ th of the following month for salaries earned from the $16$ th through the end of the month. Salaries earned from December $16$ through December $31,2024,$ were $$1,250.$

On October $1,2024,$ Pastina borrowed $$52,000$ 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.

On March $1,2024,$ the company lent a supplier $$22,000,$ and a note was signed requiring principal and interest at $8\%$ to be paid on February $28,2025.$

On April $1,2024,$ the company paid an insurance company $$8,000$ for a one$-$year fire insurance policy. The entire $$8,000$ was debited to prepaid insurance at the time of the payment.

$$770$ of supplies remained on hand on December $31,2024.$

The company received $$3,000$ from a customer in December for $1,250$ pounds of spaghetti to be delivered in January $2025.$ Pastina credited deferred sales revenue at the time cash was received.

On December $1,2024,$$$1,900$ rent was paid to the owner of the building. The payment represented rent for December $2024$ and January $2025$ at $$950$ 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 $$6,000$ 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 $$6,000$ 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 $$6,000$ in cash dividends were paid to shareholders during the year.

$5.$ Prepare closing entries and post to the T$-$accounts $($on the T$-$accounts tab$).$

$6.$ Prepare a post$-$closing trial balance.