The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company’s reporting year-end. Account TitleDebitsCredits Cash9,950 Accounts receivable8,000 Prepaid insurance3,300 Land220,000 Buildings62,500 Accumulated depreciation—buildings25,000 Office equipment96,000 Accumulated depreciation—office equipment38,400 Accounts payable29,200 Salaries payable0 Deferred rent revenue0 Common stock240,000 Retained earnings47,400 Service revenue83,500 Interest revenue4,400 Rent revenue5,400 Salaries expense33,000 Depreciation expense0 Insurance expense0 Utilities expense21,700 Maintenance expense18,850 Totals473,300473,300 Information necessary to prepare the year-end adjusting entries appears below. The buildings have an estimated useful life of 50 years with no salvage value. The company uses the straight-line depreciation method. The office equipment is depreciated at 10 percent of original cost per year. Prepaid insurance expired during the year, $1,650. Accrued salaries at year-end, $1,300. Deferred rent revenue at year-end should be $850. 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. From the trial balance and information