The general ledger of FastTrack Racing at January 1, 2021, includes the following accou balances: Credits Debits $42,500 25,800 115,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable Common Stock Retained Earnings Totals 15,100 30,500 100,000 38,500 $184,100 $184,100 The following is a summary of the transactions for the year: a. Provide services to customers on account, $63,400. b. Provide services to customers for cash, $75,800. c. Collect on accounts receivable, $45,600. d. Issue shares of common stock in exchange for $32,000 cash. e. Purchase supplies on account, $12,700. f. Pay on accounts payable, $11,500. g. Pay salaries for employee work in the current year, $66,200. h. Pay advertising for the current year, $21,500. i. Pay $2,800 cash dividends to stockholders. Required: 1 Set in the necessary Taccounts and enter the beginning balances from the trial balanc 2. Record each of the summary transactions listed above. 3. Post the transactions to the accounts. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,800. Accrued salaries at year-end amounted to $2,500. Supplies remaining on hand at the end of the year equal $2,600. 6. Post adjusting entries. 7. Prepare an adjusted trial balance. 8. Prepare an income statement for 2021 and a classified balance sheet as of December 31, 2021. 9. Record closing entries. 10. Prepare a post-closing trial balance