The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 41,500 Accounts Receivable 25,700 Land 110,800 Accounts Payable 15,300 Notes Payable (due in 2 years) 30,000 Common Stock 100,000 Retained Earnings 32,700 Totals $ 178,000 $178,000 The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, S62,400. 2. February 25 Provide services to customers for cash, $75,300. 3. March 19 Collect on accounts receivable, 545,700. 4. April 30 Issue shares of common stock in exchange for $30,000 cash. 5. June 16 Purchase supplies on account, $12,100. 6. July 7 Pay on accounts payable, $11,300. 7. September 30 Pay salaries for employee work in the current year, 564,200. 8. November 22 Pay advertising for the current year, $22,500. 9. December 30 Pay $2,900 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,300. 3. Review the adjusted 'Trial Balance' as of December 31, 2021. . 4. Prepare an income statement for the period ended December 31, 2021, . 5. Prepare a classified balance sheet as of December 31, 2021 . 6. Record the closing entries