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. Credit Debita 13,150 7.250 2,900 205,000 55,000 22,000 87,000 34,000 20, 150 Account Title Cash Accounts receivable Prepaid insurance Land Building Accumulated depreciation-buildings office equipment Accumulated depreciation office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained earnings Service revenue Interest revenge Rent revenue salaries expense Depreciation expense Tasurance expense Utilities expense Maintenance expense Totale 0 220,000 46,050 79.000 3,800 4,500 30,000 0 0 20,200 17,800 438,300 438,300 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. $1,450, d. Accrued salaries at year-end, $1350. e. Deferred rent revenue at year-end should be $700. Credit Debita 13,150 7,250 2,900 205,000 55,000 07.000 Account Title Cash Accounts receivable Prepaid insurance Land Buildinga Accumulated depreciation-buildings office equipment Accumulated depreciation office equipment Accounts payable Salaries payable Deferred rent revenge Connon stock Retained earninge Service revenue Interest revenue Rent revence salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Total 22.000 34,800 20,150 0 0 220.000 46,050 79.000 3,800 4.500 30,000 0 20,200 17,800 430,300 438,300 Information necessary to prepare the year-end adjusting entries appears below. 5. 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. $1,450. d. Accrued salaries at year-end, Su50. e Deferred rent revenue at year-end should be $700. 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