The following information applies to several requirements...Thank you in advance.

16 Required Information [The following information applies to the questions displayed below.] Pastina Company sells various 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, 2021, appears below. Part 1 of 5 Credits 3 points Debits 33,200 41,400 2,200 61,400 21,400 0 1,600 7,400 85,600 eBook Print 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 Common 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 32,100 32,400 0 51,400 0 2,700 69,800 32,000 References 5,400 153,000 0 77,000 19,600 11,700 0 0 1,800 3,700 373,400 373,400 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,700. 2. Employee salarles 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 $1,100. 3. On October 1, 2021, Pastina borrowed $51,400 from a local bank and signed a note. The note requires Interest to be pald annually on September 30 at 12%. The principal is due In 10 years. 4. On March 1, 2021, the company lent a supplier $21,400 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 $7,400 for a one-year fire Insurance policy. The entire $7,400 was debited to prepaid Insurance. 6. $680 of supplies remained on hand at December 31, 2021. 7. A customer pald Pastina $2,700 in December for 1,100 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $1,600 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $800 per month. The entire amount was debited to prepaid rent. Required: 1. & 2. Post the unadjusted balances and adjusting entires Into the appropriate t-accounts. (Enter the number of the adjusting entry In the column next to the amount. Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) Cash Accounts Receivable Beg. bal. Beg, bal End. bal. End. bal. Prepaid Rent Prepaid Insurance Beg. bal Beg. bal End, bal. End, bal Supplies Inventory Beg. bal. Beg. bal. End. bal. End, bal. Note Receivable Office Equipment Beg. bal Beg. bal. End. bal. End, bal Interest Receivable Accumulated Depreciation Beg. bal. Beg. bal. End. bal. End. bal. Accounts Payable Salaries Payable Beg. bal Beg. bal End. bal. End, bal. Note Payable Interest Payable Beg. bal Beg. bal. End. bal. End. bal. Deferred Sales Revenue Common Stock Beg. bal Beg bal End, bal End. bal. Retained Earnings Dividends Beg. bal. Beg. bal. End, bal. End. bal. Sales Revenue Interest Revenue Beg. bal Beg. bal End. bal. End. bal. Cost of Goods Sold Salaries Expense Beg. bal Beg. bal End. bal. End. bal. Rent Expense Depreciation Expense Beg. bal Beg. bal End. bal. End. bal. Interest Expense Supplies Expense Beg. bal Beg. bal End. bal. End. bal. Insurance Expense Advertising Expense Beg. bal. Beg. bal. End. bal. End. bal. 3. Prepare an adjusted trial balance. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) PASTINA COMPANY Adjusted Trial Balance December 31, 2021 Account Title Debits Credits 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 Common 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 $ 0 $ 0 4. Prepare an Income statement and a statement of shareholders' equity for the year ended December 31, 2021, and a classified balance sheet as of December 31, 2021. Assume that no common stock was issued during the year and that $5,400 in cash dividends were paid to shareholders during the year. Complete this question by entering your answers in the tabs below. Income st Statement Prepare the income statement for the year ended December 31, 2021. (Other expenses should be indicated with a minus sign.) PASTINA COMPANY Income Statement For the Year Ended December 31, 2021 0 0 0 0 S 0 Statement of SE unt Prepare the statement of shareholders' equity for the year ended December 31, 2021. PASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2021 Total Common Retained Stock Shareholders Earnings Equity Balance at January 1, 2021 Balance at December 31, 2021 of Balance Sheet Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) PASTINA COMPANY Balance Sheet At December 31, 2021 Assets 0 0 0 Liabilities and Shareholders' Equity 0 0 0 S 0 5. Prepare closing entries. (If no entry is required for a particular transaction, select "No journal entry required" In the first account fleld. Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet