The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances: Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits Credits 31,100 14,000 23,000 6,900 8,000 45,000 8,200 68,100 68,100 The following is a summary of the transactions for the year: a. Sales of services, $118,000, of which $35,400 was on credit. b. Collected on accounts receivable, $24,400 c. Issued shares of common stock in exchange for $12,000 in cash d. Paid salaries, $43,000 (of which $8,000 was for salaries payable) e. Paid miscellaneous expenses, $23,200 f. Purchased equipment for $14,000 in cash g. Paid $2,850 in cash dividends to shareholders 1. Accrued salaries at year-end amounted to $860 2. Depreciation for the year on the equipment is $2,300 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 2018 7-b. Prepare a balance sheet as of December 31, 2018 9. Prepare a post-closing trial balancee