Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,100. 2. 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 $800. 3. On October 1,2024 , Pastina borrowed $50,200 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 $20,200, 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 $6,200 for a one-year fire insurance policy. The entire $6,200 was debited to prepaid insurance at the time of the payment. 6. $500 of supplies remained on hand on December 31,2024. 7. The company received $2,100 from a customer in December for 800 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,$1,000 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $500 per month. The entire amount was debited to prepaid rent at the time of the payment