Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 30,000 40,000 1,500 60,000 20,000 -0- 2,000 6,000 80,000 4,000 70,000 18,900 11,000 -0- -0- 1,100 -0- 3,000 347,500 Credits 30,000 31,000 -0- 50,000 -0- 2,000 60,000 28,500 146,000 -0- 347,500 Required: Prepare the necessary December 31, 2021, adjusting journal entries. Refer to P 2-3 and complete the following steps: 1. Enter the unadjusted balances from the trial balance into T-accounts. 2. Post the adjusting entries prepared in P 2-3 to the accounts. 3. Prepare an adjusted trial balance. 4. Prepare an income statement and a statement of shareholders' equity for the year ended December 31, 2021, and a classified balance sheet as of December 31, 2021. Assume that no common stock was issued during the year and that $4,000 in cash dividends were paid to shareholders during the year. 5. Prepare closing entries and post to the accounts. 6. Prepare a post-closing trial balance.