The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below. December 31 the company's reporting year-end CreditsDebits 8,000 9,000 3,000 200,000 50,000 20,000 100,000 Account Cash Accounts receivable Prepaid Land Buildings Accumulated depreciation -buildings office equipment depreciation -office equipment Accounts payable Salaries payable Deferred rent revenue Common Retained earnings Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense expense Maintenance expense 40,000 35,050 7,500 200,000 56,450 90,000 3,000 37,000 30,000 15,000 452,000 452,000 Information necessary to prepare the year -end adjusting entries appears below aThe buildings have an estimated useful life of 50 years with no salvage value. The company uses the straightline depreciation method. bThe office equipment is depreciated at 10 percent of original cost per year Prepaid insurance expired during the year 1,000 d. Accrued salaries at year-end , $1,500 Rent to customers who paid in advance has been provided for $6,300 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