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 Accumulated depreciation-office equipment ook Office equipment Accounts payable Salaries payable Print Common stock Retained earnings erences Deferred rent revenue Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense Debits $ 11,850 Credits 7,000 2,800 195,000 52,500 $ 21,000 84,000 33,600 27,800 0 10,200 200,000 45,600 77,500 3,600 0 Utilities expense Maintenance expense Totals 29,000 0 0 19,700 17,450 $ 419,300 $ 419,300 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, $1,400. d. Accrued salaries at year-end, $1,100. e. Rent to customers who paid in advance has been provided for $7,200.