2-3. The information below was taken from the records of Monkey Corporation at December 31, 2016. Trial Balance Adjusted Trial (Partial) Balance (Partial) Debit Credit Debit Credit Financial Assets at Fair Value through P&L 25,250 27,400 Allowance for Bad Debts 12,300 14,000 Prepaid Insurance 5,000 Interest Receivable Prepaid Rent 3,750 250 1,550 Accum. Depr - Equipment 322,000 347,000 Salaries Payable 8,000 Interest Payable 200 Unearned Rent Revenue 20,000 Rent Expense 9,000 Salaries Expense 820,000 7,450 828,000 Interest Expense 1,100 1,300 Bad Debts Expense 1,700 Depreciation - Equipment Insurance Expense Rent Revenue Interest Revenue Unrealized Gain on Financial Assets at FVPL Required: 25,000 1,250 100,000 80,000 3,600 3,850 0 2,150 a. b. Reconstruct the adjusting entries that were made on December 31, 2016. Prepare closing entries at December 31, 2016. C. Prepare appropriate reversing entries at January 1, 2017.