The unadjusted trial balance as of December 31, 2024, for the Bags 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 earnings Debits $ 16,250 Credits 6,250 2,500 180,000 42,500 $ 17,000 75,000 30,000 26,750 0 9,300 180,000 44,250 Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Totals 26,000 0 18,200 16,400 $ 383,100 73,000 2,800 0 $383,100 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. Rent to customers who paid in advance has been provided for $6,900.