Required information [The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2024, appears below. Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,400. 2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1 st through the 15 th, and on the 7 th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31,2024 , were $950. 3. On October 1,2024 , Pastina borrowed $50,800 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years. 4. On March 1, 2024 , the company lent a supplier $20,800, and a note was signed requiring principal and interest at 8% to be paid on February 28,2025. 5. On April 1, 2024, the company paid an insurance company $6,800 for a one-year fire insurance policy. The entire $6,800 was debited to prepaid insurance at the time of the payment. 6. $590 of supplies remained on hand on December 31,2024. 7. The company received $2,400 from a customer in December for 950 pounds of spaghetti to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8. On December 1,2024,$1,300 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $650 per month. The entire amount was debited to prepaid rent at the time of the payment. Required: 1 to 3. First, post the unadjusted balances from the unadjusted trial balance that was given and the adjusting entries that were made in Problem 2-3 into the appropriate T-accounts (on the T-accounts tab). Then prepare an adjusted trial balance. 4-a. Prepare an income statement for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $4,800 in cash dividends were paid to shareholders during the year. 4-b. Prepare a statement of shareholders' equity for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $4,800 in cash dividends were paid to shareholders during the year. 4-c. Prepare a classified balance sheet as of December 31, 2024. Assume that no common stock was issued during the year and that $4,800 in cash dividends were paid to shareholders during the year. 5. Prepare closing entries and post to the T-accounts (on the T-accounts tab). 6. Prepare a post-closing trial balance. ist the unadjusted balances and adjusting entries into the appropriate T-accounts (on the T-accounts tab). Then prepare an ljusted trial balance. te: Do not round intermediate calculations. Round your final answers to nearest whole dollar. repare an income statement for the year ended December 31,2024 . Assume that no common stock was issued during the ear and that $4,800 in cash dividends were paid to shareholders during the year. Other expenses should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Prepare a statement of shareholders' equity for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $4,800 in cash dividends were paid to shareholders during the year. Prepare a classified balance sheet as of December 31,2024 . Assume that no common stock was issued during the year and that \$4.80n in rash divitenta were naid to shareholders durinn the vear. Prepare closing entries and post to the T-accounts (on the T-accounts tab). Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Post the unadjusted balances and adjusting entries from requirements 1 to 3 into the appropriate T-accounts on this tab. After closing entries are prepared in requirement 5 , post the closing entries to the T-accounts on this tab. column next to the amount. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{4}{|c|}{ Accounts Payable } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Note Payable } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Deferred Sales Revenue } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Retained Earnings } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Dividends } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & 0 & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Sales Revenue } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & \multicolumn{2}{|c|}{} \\ \hline & & & \\ \hline Ending balance & & & \\ \hline & & & \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Salaries Expense } \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance