$1-$Dec Salaries Payable $7,408\mathrm{.}50$ Cash $7,408\mathrm{.}501-$Dec Cash $65,000\mathrm{.}00$ Notes Payable $65,000\mathrm{.}001-$Dec Delivery Truck $60,000\mathrm{.}00$ Cash $60,000\mathrm{.}004-$Dec Accounts Payable $52,800\mathrm{.}00$ Cash $52,800\mathrm{.}005-$Dec Cash Dividends $2,000\mathrm{.}00$ Cash $2,000\mathrm{.}006-$Dec Supplies $2,400\mathrm{.}00$ Accounts Payable $2,400\mathrm{.}007-$Dec Inventory $96,800\mathrm{.}00$ Accounts Payable $96,800\mathrm{.}0015-$Dec Accounts Receivable $181,500\mathrm{.}00$ Sales Revenue $181,500\mathrm{.}0015-$Dec Cost of Goods Sold Inventory $18-$Dec Advertising Expense $4,000\mathrm{.}00$ Cash $4,000\mathrm{.}0024-$Dec Cash $66,000\mathrm{.}00$ Deferred Revenue $66,000\mathrm{.}0031-$Dec Salaries Expense $11,000\mathrm{.}00$ Federal Income Tax Payable $1,650\mathrm{.}00$ FICA Tax Payable $841\mathrm{.}50$ NC State Income Tax Payable $1,100\mathrm{.}00$ Salaries Payable $7,408\mathrm{.}5031-$Dec Payroll Tax Expense FICA Tax Payable $841\mathrm{.}50$ Unemployment Tax Payable

Post all the Daily Transactions to the Ledger on the Ledger tab.

As of December $31,$ a search revealed the following information. Record any necessary adjusting entries for the year on the Adjusting

Entries tab.

Post all the Adjusting Entires to the Ledger on the Ledger tab.

Based on the account balances in the ledger, create an adjusted trial balance on the Adjusted Trial Balance tab.

Based on the adjusted trial balance, prepare a multi$-$step income statement on the Income Statement tab.

Based on the adjusted trial balance, prepare the statement of stockholders' equity on the Equity Statement tab.

Based on the adjusted trial balance, prepare the balance sheet on the Balance Sheet tab.

Prepare the closing entries $($DO NOT POST them to the ledger, just produce the entries$).$ When journaling, close the accounts in the

order they appear on the Trial Balance. Do one entry for revenue accounts, one for expense accounts and one for dividend accounts.

Calculate the ratios on the Ratios tab.

I need the COG calculated and the final payroll expense $($Dec $31$st$)$