27) The adjusted trial balance for China Tea Company at December 31, 2021 is presented below: Cash Debit $11,000 Credit Accounts Receivable 150,000 Prepaid Rent 5,000 Supplies 25,000 Equipment 500,000 Accumulated Depreciation $135,000 Accounts Payable 20,000 Salaries Payable 4,000 Interest Payable Notes Payable - due in two 1,000 30,000 years Common Stock 200,000 Retained Earnings 20,000 Dividends 10,000 Service Revenue 500,000 Salaries Expense 80,000 Advertising Expense 70,000 Rent Expense 15,000 Depreciation Expense 10,000 Interest Expense 2,000 Utilities Expense 32,000 $910,000 $910,000 Totals Prepare the closing entries for China Tea Company for the year ended December 31, 2021. (10 Points) (a) (b)