The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company's reporting year-end. Cash Accounts receivable Prepaid insurance Account Title Land Buildings Accumulated depreciation-buildings Accumulated depreciation-office equipment Office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained earnings Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Totals Debits Credits 10,250 6,250 2,500 180,000 42,500 17,000 75,000 30,000 26,750 0 0 180,000 44,250 73,000 2,800 3,300 26,000 0 18,200 16,400 377,100 377,100 Information necessary to prepare the year-end adjusting entries appears below. a. The buildings have an estimated useful life of 50 years with no salvage value. The company uses the straight-line depreciation method. b. The office equipment is depreciated at 10 percent of original cost per year. c. Prepaid insurance expired during the year, $1,250. d. Accrued salaries at year-end, $950. e. Deferred rent revenue at year-end should be $500. Required: 1. From the trial balance and information given, prepare adjusting entries. 2. Post the beginning balances and adjusting entries into the appropriate T-accounts. 3. Prepare an adjusted trial balance. 4. Prepare closing entries. 5. Prepare a post-closing trial balance.