Analyzing financial information and completing the accounting cycle (15 min) P5-3C. Sharon Kors needs a loan from her local bank to help finance her business. She has submitted the following unadjusted trial balance to the bank, for the month of August. As the loan officer, you will be meeting with Sharon tomorrow. Could you make some specific written suggestions to Sharon regarding her loan report $ 684 8,000 17,350 Cash in Bank $ 770 Accounts Receivable 1,480 Office Supplies 3,310 Equipment 7,606 Accounts Payable S. Kors, Capital Service Fees Salaries 11,240 Utilities Expense 842 Rent Expense 360 Insurance Expense 280 Advertising Expense 146 Totals $26,034 $26,034 P5-40. Janet Li is the new bookkeeper who replaced Dick Burns, owing to his sudden ill- ness, Janet finds a note on her desk requesting that she close the books and supply the ending capital figure. Janet is upset since she can find only the following a. Revenue and expense accounts were all zero balance. b. Income Summary 14,36019,300 c. Owner withdrew $8,000. d. Owner's beginning capital was $34,400. Could you help Janet accomplish her assignment? What written suggestions should Janet make to her supervisor so that this situation will not happen again? Closing entries 0 (15 min)