The general ledger of Red Storm Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Debits Credits $ 20,000 8,000 4,000 15,000 $ 5,000 7,500 25,000 Retained Earnings Totals 9,500 $ 47,000 $ 47,000 The following is a summary of the transactions for the year: 1. March 12 2. May 2 Provide services to customers, $60,000, of which $21,000 is on account. Collect on accounts receivable, $18,000. 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $7,500 from 2023 (prior year). Pay repairs and maintenance expenses, $13,000. Purchase equipment for $8,000 cash. Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. 5. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 11 to 13).