1. On 12/31/XX (EFY) you have been given the following adjusted ledger balances. CASH 150,000 ACCOUNT RECEIVABLE 375,000 PREPAID EXPENSES 60,000 TRUCK 75,000 ACCUMULATED DEPR 10,000 ACCTS. PAYABLE 175,000 S.T. NOTES PAYABLE 200,000 CAPITAL 70,000 DRAWING 30,000 REVENUE 581,000 WAGE EXPENSE 103,000 FUEL EXPENSE 185,000 INSR. EXPENSE 10,000 RENT EXPENSE 25,000 DEPR EXPENSE 5,000 UTILITY EXP 18,000 26 pts. Required: Assume that all the ledger balances are normal. Prepare all required Closing entries. DO NOT DO A TRIAL BALANCE, IT IS NOT REQUIRED