The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,600 11,500 18,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 5, 400 6,750 42,500 7,450 62,100 62,100 The following is a summary of the transactions for the year: a. Service revenue, $108,000, of which $32,400 was on account and the balance was received in cash. b. Collected on accounts receivable, $22,900. c. Issued shares of common stock in exchange for $9,000 in cash. d. Paid salaries, $39,250 (of which $6,750 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $21,200. f. Purchased equipment for $11,500 in cash. g. Paid $2,575 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $785. 2. Depreciation for the year on the equipment is $1,800. 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. Cash Accounts Receivable 11,500 Beg. bal. 32,600 Beg. bal. End. bal. 32,600 End. bal. 11,500 Equipment 18,000 Accumulated Depreciation 5,400 Beg. bal. Beg. bal. End. bal. 18,000 End. bal. 5,400 Salaries Payable 6,750 Common Stock 42,500 Beg. bal. Beg. bal. End. bal. 6,750 End. bal. 42,500 Dividends Retained Earnings 7,450 Beg. bal. Beg. bal. End. bal. 7,450 End. bal. Service Revenue Miscellaneous expense Beg. bal. Beg. bal. End. bal. End. bal. Depreciation Expense Salaries Expense Beg. bal. Beg. bal. End. bal. End. bal