3. Below are the balances for a partial trial balance for Village Antiques as of December 31, 2001. Prepare the closing entries. Tyler Sinclair, Drawing Betty Aimes, Drawing Sales Village Antiques Adjusted Trial Balance (Partial) December 31, 20X1 Account Title Sales Returns and Allowances Cost of Goods Sold Salarion Exponso Supplios Exponso Utilition Expense Truck Repairs Expense Insurance Expense Miscellaneous Expense Depreciation Expense-Office Equipment Depreciation Exponse Truck Debit 120 00 00 1500000 600000 486 75 00 900000 80000 320000 90000 200000 10000 20000 22500 Credit 12900000