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. Account Title Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained ennings Service revenue Interest revenue Rent revenue salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Totals Debits Credits 8,000 9,000 3,000 200,000 50,000 20,000 100,000 40,000 35,050 0 0 200,000 56,450 90,000 3,000 7,500 37,000 0 0 30,000 15,000 452,000 452,000 Information necessary to prepare the year-end adjusting entries appears below. . 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. $1,000 d. Accrued salaries at year-end, $1,500. e. Deferred rent revenue at year-end should be $1,200 Account Title Cash Accounts receivable Prepaid insurance Land Buildinga Accumulated depreciation-buildings Office equipnent Accumulated depreciation 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 Total Debito Credits 8,000 9,000 3,000 200,000 50,000 20,000 100,000 40,000 35,050 0 0 200,000 56,450 90.000 3,000 7.500 37,000 0 0 30,000 15,000 452,000 452,000 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, $1,000. d. Accrued salaries at year-end, $1,500. e Deferred rent revenue at year-end should be $1,200. 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