SRP Ltd has the following unadjusted trial balance at 31 December 2015.

Data not yet recorded at 31 December 2015 include the following: 

a. Depreciation expense for 2015 was $3000. 

b. Insurance expired during 2015 was $450.
c. Wages earned by employees but not yet paid on 31 December 2015 was $2100. 

d. The supplies count on 31 December 2015 reflected $800 remaining supplies on hand to be used in 2016. 

e. Income tax expense was $3150.

Required:
1. Record the 2015 adjusting entries.
2. Prepare an income statement and a classified balance sheet for 2015 to include the effects of the preceding five transactions.
3. Prepare closing entries.