Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-endis December 31. The unadjusted trial balance as of December 31, 2021, appears below. Credits Debits 39,600 40,6ce 1,500 69,000 29,000 2,800 6,600 31,Gee 50,000 Account Title 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 Comon 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 69,000 28,5ee 146,600 70,000 18,920 11,000 1,189 347,589 347,582 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,000. 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, 2021, were $1,500. 3. On October 1, 2021. Pastina borrowed $50,000 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. 4. On March 1, 2021, the company lent a supplier $20,000, and a note was signed requiring principal and Interest at 8% to be paid on February 28, 2022. 5. On April 1, 2021, the company paid an Insurance company $6,000 for a one year fire Insurance policy. The entire $6.000 was debited to prepald Insurance. 6. $800 of supplies remained on hand at December 31, 2021. 7. A customer pald Pastina $2,000 in December for 1,500 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,000 per month. The entire amount was debited to prepaid rent. 5. Prepare closing entries. IDo not round Intermediate cakulations. Round your final answers to nearest whole doller. If no entry Is required for a particular transaction, select "No Journal entry required" In the first account field.)