Prepare an after-closing trial balance as of December 31. (Round your final answers to the nearest whole dollar.)

Comprehensive Problem 1 The following Information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Accounts Receivable Prepaid Rent Unexpired Insurance Office Supplies Rental Equipment Accumulated Depreciation: Capital Stock Retained Earnings Dividends Income Sumary Rental Fees Earned Salaries Expense Rental Equipment Notes Payable Accounts Payable Interest Payable Salaries Payable Dividends Payable Unearned Rental Fees Income Taxes Payable Maintenance Expense utilities Expense Rent Expense Office Supplies Expense Depreciation Expense Interest Expense Income Taxes Expense The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions. Dec. 1 Issued to John and Patty Driver 21,000 shares of capital stock in exchange for a total of $210,000 cash Dec. 1 Purchased for $220, 800 all of the equipment formerly owned by Rent-It. Paid $132,000 cash and issued a 1-year note payable for $88,800. The note, plus all 12 months of accrued interest, are due November Dec. 1 Paid $10,500 to Shapiro Realty as three months' advance rent on the rental yard and office formerly Dec.Purchased office supplies on account from Modern Office Co., $1,500. Payment due in 30 days. (These Dec. 8 Received $9,000 cash as advance payment on equipment rental from McNamer Construction Company. (Credit 30, Year 2 occupied by Rent-It supplies are expected to last for several months; debit the Office Supplies asset account.) Unearned Rental Fees.) Dec.12 Paid salaries for the first two weeks in December, $4,500 Dec.15 Excluding the McNamer advance, equipment rental fees earned during the first 15 days of December amounted to $18,100, of which $12, 800 was received in cash an expense account. Payment is due in 10 days returned. Mission Landscaping expects to keep the backhoe for about two or three weeks Dec.17 Purchased on account from Earth Movers, Inc., $500 in parts needed to repair a rental tractor (Debit Dec.23 Collected $2,100 of the accounts receivable recorded on December 15 Dec.26 Rented a backhoe to Mission Landscaping at a price of $330 per day, to be paid when the backhoe is Dec. 26 Paid biweekly salaries, $4,500 Dec.27 Paid the account payable to Earth Movers, Inc., $500 Dec.28 Declared a dividend of 10 cents per share, payable on January 15, Year 2