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Enter the beginning balances from 2023, post the 2024 entries, and calculate the balance in each account. (Post entries in the order of journal entries presented in the previous part. If beginning balance is zero, enter 0 in the column for the normal balance for that account.) Sunland Pizza had the following account balances at December 31, 2023: During 2024, the following transactions occurred: 1. Purchases of ingredients and supplies (inventory) were $216,200, all on account. 2. Sales of pizzas for cash were $479,400, and sales of pizzas on account were $37,600. 3. The company paid $98,700 for wages. 4. The company also paid $23,500 for utilities expenses. 5. Payments for ingredients and supplies purchased on account totalled $206,800. 6. Collections from customers for sales on account totalled $35,720. 7. Ingredients and supplies valued at $211,500 were used in making pizzas that were sold. 8. A dividend of $14,100 was declared and paid at the end of the year. Information for adjusting entries: 9. At the end of 2024 , the amount of rent paid in advance was $1,410. 10. Wages owed to employees at the end of 2024 were $2,350. 11. The equipment had an estimated useful life of eight years, with no residual value. 12. The delivery vehicles had an estimated useful life of six years with a residual value of $7,520

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