The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits Credits 28,400 18,500 32,000 9,600 10,250 49,500 9,550 78,900 78,900 The following is a summary of the transactions for the year: a. Service revenue, $136,000, of which $40,800 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,100. c. Issued shares of common stock in exchange for $16,500 in cash. d. Paid salaries, $49,750 (of which $10,250 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $26,800. f. Purchased equipment for $19,000 in cash. g. Paid $3,300 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $995. 2. Depreciation for the year on the equipment is $3,200. Required: 2., 5, & 8. Prepare the summary, adjusting and closing entries for each of the transactions listed. 3. Post the transactions, adjusting and closing entries into the appropriate t-accounts. 4. Prepare an unadjusted trial balance. 6. Prepare an adjusted trial balance. 7-a. Prepare an income statement for 2021. 7-b. Prepare a balance sheet as of December 31, 2021. 9. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2 5 and 8 Reg 3 Req 4 Reg 6 Req 7A Req 7B Reg 9 Prepare a post-closing trial balance. KARLIN COMPANY Post-Closing Trial Balance Account Title Debits Credits Cash $ 68,350 Accounts receivable 32,200 Equipment 51,000 Accumulated depreciation $ 12,800 Salaries payable 995 Common stock 66,000 Retained earnings 71,755 Service revenue 136,000 X Salaries expense 40,495 % Miscellaneous expenses 26,800 x Depreciation expense 3,200 X Totals $ 222,045 $ 287,550