Jaguar Auto Company provides general car maintenance to customers. The company$’$s fiscal year$-$end is December $31.$ The December $31,2024,$ trial balance $($before any adjusting entries$)$ appears below.

Accounts

Debits

Credits

Cash

$$130,000$

Accounts Receivable

$20,000$

Supplies

$29,000$

Prepaid Insurance

$26,000$

Equipment

$115,000$

Accumulated Depreciation

$$57,000$

Accounts Payable

$15,000$

Salaries Payable

$0$

Deferred Revenue

$61,000$

Interest Payable

$0$

Notes Payable

$37,000$

Common Stock

$81,000$

Retained Earnings

$13,000$

Dividends

$8,000$

Service Revenue

$247,000$

Salaries Expense

$169,000$

Depreciation Expense

$0$

Insurance Expense

$0$

Supplies Expense

$0$

Utilities Expense

$14,000$

Interest Expense

$0$

Totals

$$511,000$

$$511,000$

In addition, the company had the following year$-$end adjusting entries.

Transaction

Account Title

Debit

Credit

a$.$

Depreciation Expense

$11,000$

a$.$

Accumulated Depreciation

$11,000$

b$.$

Salaries Expense

$5,000$

b$.$

Salaries Payable

$5,000$

c$.$

Interest Expense

$2,000$

c$.$

Interest Payable

$2,000$

d$.$

Insurance Expense

$21,000$

d$.$

Prepaid Insurance

$21,000$

e$.$

Supplies Expense

$23,000$

e$.$

Supplies

$23,000$

f$.$

Deferred Revenue

$16,000$

f$.$

Service Revenue

$16,000$

Required:

$4.$ 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.