Sunny's Emporium had the following transactions in April, 2024, the final month in their fiscal year: TRANSACTIONS April 1 April 1 April 29 April 30 April 30 Required: Sold a fully depreciated delivery truck for $15,000. A new delivery truck is delivered at a total cost of $126,000. The truck has an expected useful life of 7 years, with no residual value and will be depreciated using the straight line method The company made a downpayment of $25,000 and issued a 4-year 6% note for the balance. The note requires annual payments of $29,150, including interest and principal, be made on March 31, 2025, 2026, 2027 and 2028. Petty cash on hand was $27. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Store supplies, $56. Express charges on merchandise sold, $165 (Delivery Expense). Office supplies, $123. Repair to office file cabinet lock, $120 (Miscellaneous Administrative Expense). Sold a 200,000 15-year bond, with semi-annual interest at 6% when market interest rate was 8% The cash sales for the month, according to the cash register records, totaled $27,525, including sales tax of $2,525. The actual cash received from these cash sales was $27,537. Cost of goods sold related to these sales was $17,450. ROUND ALL CALCULATIONS TO THE WHOLE DOLLAR!!!! 1 Journalize the transactions. (Complete!--Done in part 1) I have posted the transactions and prepared the trial balance in the worksheet for you. Assume a 360 day year for all transactions related to interest calculations. 2 Complete the worksheet. Adjusting entries have not been made at any time this year. Here is the information you need to calculate the adjusting entries (note: the General Ledger is your friend in this!; Evaluation of the years sales indicated that warranties related to current years sales were $16,000. b The note receivable in the general ledger is an 8% eight month note received on February 1, 2024 that due is on September 30, 2024 There notes payable balance relates to the delivery truck purchase on April 1. The interest rate anc payment information is provided in the transaction above. The company purchased an annual insurance liability policy on January 1, 2024. Office supplies on hand at April 30 were $3,200 and store supplies on hand were $5,000. ef Depreciation on the building is calculated using straight line with a 40 year life and $100,000 residual value Depreciation for the office equipment is calculated using double declining balance method, has a five year life and was purchased three years ago (2 years of depreciation has been recorded). Information related to the depreciation calculation for the delivery truck is in the transactions above. Payroll for April is going to be paid in early May. Salaries earned were $24,000. The FICA rate is 7.65% and is paid by both the employee and the employer. Employee income taxes are withheld at a rate of 15%. Federal and state unemployment limits were reached in March so they are not a factor. 3 Journalize and post the adjusting entries. 4 Prepare a multiple-step income statement. 5 Prepare a statement of stockholders' equity. 6 Prepare a balance sheet. 7 Journalize and post the closing entries. 8 Prepare a post-closing trial balance.