[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 fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below. Credits Debits 40,950 43,000 1,100 63,000 16,800 0 1,200 0 64,000 Account Title Cash Accounts receivable Supplies Inventory Note receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Interest payable Deferred revenue Common stock Retained earnings Sales revenue Interest revenue Cost of goods sold Salaries and wages expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 24,000 22,000 0 46,800 0 0 60,000 16,000 163,000 0 73,350 15,600 6,600 0 0 600 3,400 2,200 331,800 331,800 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $8,000. 2. Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $900. 3. On October 1, 2018, Pastina borrowed $46,800 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, 2018, the company lent a supplier $16,800 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019. 5. On April 1, 2018, the company paid an insurance company $3,400 for a two-year fire insurance policy. The entire $3,400 was debited to insurance expense. 6. $560 of supplies remained on hand at December 31, 2018. 7. A customer paid Pastina $1,080 in December for 900 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue. 8. On December 1, 2018, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $600 per month. For requirement 4, Assume that no common stock was issued during the year and that $3,600 in cash dividends were paid to shareholders during the year. 4. Prepare the income statement, statement of shareholders' equity and classified balance sheet for the year ended December 31, 2018. Complete this question by entering your answers in the tabs below. Income Statement Statement of SE Balance Sheet Prepare the statement of shareholders' equity for the year ended December 31, 2018. PASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2018 Total Common Retained Shareholders' Equity Stock Earnings Balance at January 1, 2018 Balance at December 31, 2018