Pastina Company sells varlous 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. adDears below. Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,300. 2. Empioyee salaries are pald twice a month, on the 22 nd for salaries earned from the 15t through the 15 th, and on the 7 th of the following month for salaries eamed from the 16th through the end of the month. Salaries earned from December 16 through December 31,2024 , were $900. 3. On October 1, 2024. Pastina borrowed $50,600 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 $20,600, and a note was signed requiring principal and interest at 8$ to be paid on February 28,2025. 5. On April 1, 2024, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance at the time of the payment. 6. $560 of supplies remained on hand on December 31,2024. 7. The company recelved $2,300 from a customer in December for 900 pounds of spagheri to be delivered in January 2025. Pastina credited deferred sales revenue at the ume cash was recelved. 8. On December 1,2024,$1,200 rent was paid to the owner of the buliding. The payment represented rent for December 2024 and January 2025 at $600 per month. The entire amount was debited to prepald rent at the time of the payment. Required: 1 to 3. First, post the unadjusted balances from the unadjusted tral 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-. Prepare an income statement for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $4,600 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 $4,600 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 $4,600 in cash dividends were pald 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 tral balance. Prepare an income statement for the year ended Beember 31, 2024. Assume that no common stock was issued during the year and that $4,600 in cash dividends were paid to shareholders during the year. Note: Other expenses should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. 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 $4,600 in cash dividends were paid to shareholders during the year. PASTINA COMPANY Balance Sheet At December 31, 2024 Assets Current assets: Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the enthy to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet 1 Record the entry to close the dividends account. Note: Enter debits before credits