5 Kraemer Contracting's adjusted trial balance on December 31, 2020, its second year of operations, appears below: Accue Account Debit Credit 101 Cash $42,000 124 Supplies 23,000 1128 Prepaid Insurance 13,000 1167 Equipment 103,000 11168 Accumulated Depreciation, Equipment 33,000 1201 Accounts Payable 33,000 220 Unearned Fees 13,000 301 Cosmo Kraemer, Capital 86,000 302 Cosmo Kraemer, Withdrawals 13,000 401 Fees Earned 93,000 1511 Depreciation Expense, Equipment 13,000 518 Wages Expense 23,000 522 Insurance Expense 18,000 538 Rent Expense 12,000 $40 Supplies Expense 8,000 Totals $258,000 $258,000 Required 1. Prepare the closing entries 2 Determine the balance in Cosmo's capital account 1 prepare closing entries