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, 2024, appears below.

Account Title	Debits	Credits
Cash	$ 33,800
Accounts receivable	41,800
Supplies	2,400
Inventory	61,800
Notes receivable	21,800
Interest receivable	0
Prepaid rent	1,800
Prepaid insurance	7,800
Office equipment	87,200
Accumulated depreciation		$ 32,700
Accounts payable		32,800
Salaries payable		0
Notes payable		51,800
Interest payable		0
Deferred sales revenue		2,900
Common stock		72,600
Retained earnings		33,000
Dividends	5,800
Sales revenue		155,000
Interest revenue		0
Cost of goods sold	79,000
Salaries expense	19,800
Rent expense	11,900
Depreciation expense	0
Interest expense	0
Supplies expense	2,000
Insurance expense	0
Advertising expense	3,900
Totals	$ 380,800	$ 380,800

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

1. Depreciation on the office equipment for the year is $10,900.
2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2024, were $1,200.
3. On October 1, 2024, Pastina borrowed $51,800 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 $21,800, 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 $7,800 for a one-year fire insurance policy. The entire $7,800 was debited to prepaid insurance at the time of the payment.
6. $740 of supplies remained on hand on December 31, 2024.
7. The company received $2,900from a customer in December for 1,200 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, $1,800 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $900 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 $5,800 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 $5,800 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 $5,800 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.