An adjusted trial balance of JDARS Company as of December 31, 2021 is given below. Credit Debit $35,000 58,000 86,000 20,000 100,000 800,000 $248,000 450,000 Cash Accounts Receivable Merchandise Inventory Supplies Land Buildings Accum Depr - Buildings Equipment Accum Depr - Equip Accounts Payable Salaries Payable Unearned Revenue Interest Payable Notes Payable JDARS, Capital JDARS, Withdrawals Sales Revenue Cost of Goods Sold Salaries Expense (admin) Salaries Expense (selling) 180,000 73,000 32,000 61,500 3,000 475,000 326,000 43,000 785,750 348,000 129,000 45,500 785.750 Sales Revenue Cost of Goods Sold 348,000 Salaries Expense (admin) 129,000 Salaries Expense (selling) 45,500 Utilities Expense (admin) 26,000 Travel Expense (selling) 11,000 Rent Expense (admin) 24,000 Depr Expense (selling) 6,500 Depr Expense (admin) 8,250 Rent Revenue Interest Expense 6,000 Totals $2,196,250 12,000 $2,196,250 Required: 1) Prepare a multi-step income statement for the year for the company. (19 pts) 2) Prepare the required closing entries (1.5 pts each)