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

	Debit		Credit
Cash	$23,600
Accounts Receivable	34,800
Notes Receivable	10,700
Interest Receivable	0
Inventory	32,700
Prepaid Insurance	3,600
Land	20,400
Buildings	138,000
Equipment	58,000
Patent	9,900
Allowance for Doubtful Accounts			$500
Accumulated DepreciationBuildings			46,000
Accumulated DepreciationEquipment			23,200
Accounts Payable			26,500
Salaries and Wages Payable			0
Notes Payable (due April 30, 2023)			10,500
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2028)			34,900
Common Stock			51,000
Retained Earnings			22,000
Dividends	11,500
Sales Revenue			960,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	656,000
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	57,400
Amortization Expense	0
Salaries and Wages Expense	118,000
Total	$1,174,600		$1,174,600

The following transactions occurred during December.

Dec. 2		Purchased equipment for $15,800, plus sales taxes of $800 (paid in cash).
2		Riverbed sold for $3,400 equipment which originally cost $5,400. Accumulated depreciation on this equipment at January 1, 2022, was $1,800; 2022 depreciation prior to the sale of equipment was $775.
15		Riverbed sold for $4,500 on account inventory that cost $3,500.
23		Salaries and wages of $6,700 were paid for December.

Adjustment data:

1.		Riverbed estimates that uncollectible accounts receivable at year-end are $4,400.
2.		The note receivable is a 1-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $3,600, 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 $33,000.
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 $1,600.
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 $2,000.
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 $16,000. 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