7 The owner of Dynamo Stores has come to you for assistance because his bookkeeper has just moved to another city. The following is the only information his bookkeeper left him 1. Balance sheets as of December 31, 2020 and 2021. 2. The owner withdrew $148,500 in 2021 for his personal use. 3. The business incurred total expenses of $188,600 for 2021, of which $130,000 was for wages and $58,600 was for advertising 10 points ook Assets Liabilities Capital 2021 2020 $189,600 $292,050 59,600 779,800 130,000 212,250 $183, 600 6292,050 o References Required: 1. Calculate the profit and total revenue for 2021 Profit Total revenue 2. Prepare closing entries for 2021 View transaction list X 1 Record the closing of Revenue. 2 Record the closing of Expenses. 3 Record the closing of Capital. 4 Record the closing of withdrawals