Walmart Inc. had the following transactions in February 2025:

• February 1: Issued bonds for $1,000,000.
• February 6: Purchased inventory for $200,000 on account.
• February 11: Paid $18,000 for warehouse rent.
• February 17: Sold goods for $350,000 on credit, the cost of goods sold was $180,000.
• February 23: Declared and paid dividends of $25,000.

Requirements:

1. Record the transactions in the journal.
2. Post the journal entries to the T-accounts.
3. Prepare an adjusted trial balance.
4. Prepare the income statement for February 2025.
5. Calculate the ending inventory balance.