use charts format show work if there is work involved

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 fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Debits Credits Cash 41,650 Accounts receivable 41,000 Supplies 1,000 Inventory 61,000 Note receivable 15,000 Interest receivable 8 Prepaid rent 1,000 Prepaid insurance 8 Office equipment 60,000 Accumulated depreciation-office equipment 22,500 Accounts payable 20,000 Salaries and wages payable 8 Note payable 45,000 Interest payable 8 Deferred revenue Common stock 60,000 15,000 Retained earnings Sales revenue 153,000 Interest revenue 8 Cost of goods sold 68,850 Salaries and wages expense 15,000 Rent expense 5,500 Depreciation expense 8 Interest expense 8 Supplies expense 500 3,000 Insurance expense Advertising expense Totals 2,000 315,500 315,500 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $7,500. 2. Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $800. 3. On October 1, 2018, Pastina borrowed $45.000 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, 2018, the company lent a supplier $15,000 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019. 5. On April 1, 2018, the company paid an Insurance company $3,000 for a two-year fire Insurance policy. The entire $3,000 was debited to Insurance expense. 6. $500 of supplies remained on hand at December 31, 2018. 7. A customer paid Pastina $960 in December for 800 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue. 8. On December 1, 2018, $1,000 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $500 per month. For requirement 4, Assume that no common stock was issued during the year and that $3,600 In cash dividends were paid to shareholders during the year. 4. Prepare the income statement, statement of shareholders' equity and classified balance sheet for the year ended December 31, 2018. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Statement of SE Prepare the income statement for the year ended December 31, 2018. (Other expenses should be indicated with a minus sign.) PASTINA COMPANY Income Statement For the Year Ended December 31, 2018 0 $ Complete this question by entering your answers in the tabs below. Statement Income Statement Balance Sheet of SE Prepare the statement of shareholders' equity for the year ended December 31, 2018. PASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2018 Total Retained Common Stock Shareholders' Equity Earnings Balance at January 1, 2018 Balance at December 31, 2018 Income Statement of Balance Sheet SE Statement Prepare the classified balance sheet for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) PASTINA COMPANY Balance Sheet At December 31, 2018 0 0 0 $ 0 0