The trial balance of Pacilio Security Services, Inc. as of January 1, Year 3, had the following normal balances:

Cash: $8,900
Accounts Receivable: $1,500
Supplies: $65
Prepaid Rent: $800
Land: $4,000
Accounts Payable: $1,050
Unearned Revenue: $200
Salaries Payable: $1,200
Notes Payable: $2,000
Common Stock: $8,000
Retained Earnings: $2,815

During Year 3, Pacilio Security Services experienced the following transactions:

1. Paid the salaries payable from Year 2.
2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free.
3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash.
4. On May 1, paid $3,000 for 12 months' rent in advance.
5. Purchased supplies on account for $700.
6. Paid salaries expense for the year of $9,000.
7. Incurred other operating expenses on account, $4,200.
8. On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months.
9. Collected $19,000 of accounts receivable during the year.
10. Paid $5,950 on accounts payable.
11. Paid $1,800 of advertising expenses for the year.
12. Paid a cash dividend to the shareholders of $4,650.
13. The market value of the land was determined to be $5,500 at December 31, Year 3.

Adjustments
14. There was $120 of supplies on hand at the end of the year.
15. Recognized the expired rent.
16. Recognized the earned revenue from Year 2 and transaction no. 8.
17. Accrued saleries were $1,000 at December 31. Year 3.

1. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 3.

2. Prepare the closing entries and post to the T-accounts

3. Prepare a post-closing trial balance.