Riverbed Corps unadjusted trial balance at December 1, 2022, is presented below.

	Debit		Credit
Cash	$34,320
Accounts Receivable	57,408
Notes Receivable	15,600
Interest Receivable	0
Inventory	56,472
Prepaid Insurance	5,616
Land	31,200
Buildings	234,000
Equipment	93,600
Patent	14,040
Allowance for Doubtful Accounts			$780
Accumulated DepreciationBuildings			78,000
Accumulated DepreciationEquipment			37,440
Accounts Payable			42,588
Salaries and Wages Payable			0
Notes Payable (due April 30, 2023)			17,160
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2028)			54,600
Common Stock			78,000
Retained Earnings			99,216
Dividends	18,720
Sales Revenue			1,404,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	982,800
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	96,408
Amortization Expense	0
Salaries and Wages Expense	171,600
Total	$1,811,784		$1,811,784

The following transactions occurred during December.

Dec. 2		Purchased equipment for $24,960, plus sales taxes of $1,248 (paid in cash).
2		Riverbed sold for $5,460 equipment which originally cost $7,800. Accumulated depreciation on this equipment at January 1, 2022, was $2,808; 2022 depreciation prior to the sale of equipment was $1,287.
15		Riverbed sold for $7,800 on account inventory that cost $5,460.
23		Salaries and wages of $10,296 were paid.

Adjustment data:

1.		Riverbed estimates that uncollectible accounts receivable at year-end are $6,240.
2.		The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $5,616, 6-month premium on September 1, 2022.
4.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $46,800.
5.		The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6.		The equipment purchased on December 2, 2022, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,808.
7.		The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date.
8.		Unpaid salaries at December 31, 2022, total $3,432.
9.		Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 10% interest rate. All interest is payable in the next 12 months.
10		Income tax expense was $23,400. It was unpaid at December 31.

1. Prepare journal entries for the transactions listed above and adjusting entries.

2. Prepare an adjusted trial balance at December 31, 2022

3.Prepare a 2022 income statement

4. Prepare a 2022 retained earnings statement

5. Prepare a December 31, 2022 balance sheet