Based on the given information,

1. Use the notes to determine and record adjusting entries needed on December 31 for (a) supplies used up, (b) insurance costs, (c) using up the cars benefits, (d) salaries not yet accounted for, and (e) income taxes for the year.

2. Post the adjusting entries from requirement 1 to T-accounts to determine new adjusted balances, and prepare an adjusted trial balance. (If you are completing this exercise using the general ledger tool in Connect, this requirement will be completed automatically for you.)

3. Using the adjusted balances from requirement 2, prepare an income statement, statement of retained earnings, and classified balance sheet.