42. EXTRA CREDIT PROBLEM- CHAPTER 3 The adjusted trial balance for Tom's Wiring at December 31, 2021 (prior to preparing the year-end financial statements), is presented below: Credit Debit $ 62,000 45,000 $ Cash Supplies Accounts Payable Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Advertising Expense Rent Expense 2,000 4,000 40,000 32,000 210,000 140,000 23,000 18.000 $288.000 Totals $288.000 Prepare a classified INCOME STATEMENT AND BALANCE SHEET for Tom's Wiring as of December 31, 2021, AND then JOURNAL THE CLOSING ENTRIES at December 31, 2021 (assume there were no dividends paid or additional common stock issued for the year)