The following information relates to jear-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July $ and kayaks purchased on August 4 totals $8,000. b. Six months' of the one-jear insurance policy purchased on July 1 has expired. c. Four months of the oneyear rental agreement purchased on September 1 has expired. d. Of the $1,800 of office supplies purchased on July 4,$300 remains. e. Interest expense on the $30,000 loan obtained from the city council on August I should be recorded. f. Of the $2,800 of racing supplies purchased on December 12,$200 remains. 8. Suzie calculates that the company owes $14,000 in income taxes. Required: 1. Record transactions from July I through December 31 . 2. Record adjusting entries as of December 31. 2024. 3. Post transactions from July I through December 31 and adjusting entries on December 31 to T-accounts. 4. Prepare an adjusted trial balance as of December 31, 2024. 5. For the period July 1 to December 31, 2024, prepare an income statement and statement of stockholders' equity. Prepare a classified balance sheet as of December 31, 2024. 6. Record closing entries as of December 31, 2024. 7. Post elosing entries to T-accounts. 8. Prepare a post-elosing trial balance as of December 31, 2024