5 points The following adjusted trial balance contains the accounts and balances of Zahid Company as of December 31, 2019, the end of its fiscal year Debit Credit (Amount S) Cash (Amount 5 3,000 Supplies 5,000 Prepaid insurance 6,000 Furniture 4.000 Omce equipment 16,000 Accumulated depreciation Offic 2,000 e eequipment Unearned service revenue 3,400 Zahid, Capital 21,000 Zahid, Withdrawals 2.100 Services revenue 16,600 Interest revenue 2,000 Depreciation expense-Office 2.400 equipment Salaries expense 2,500 Utilities expenses 1,300 2,700 Selling expenses 45,000 45,000 TOTAL 45,000 45,000 REQUIRED:- . (A) Prepare the closing entries for Zahid Company as on December 31, 2019. (3 marks) b. B) Calculate the amount of closing capital to be reported in the closing trial balance as on December 31, 2019. (l mak) Note: Closing Trial Balance is not required. (C) Why the permanent accounts (asset, liabilities, and capital) accounts of a company are not closed at the end of an accounting period? ( mark)