Assume Metalcase has the following trial balance as of December 31. $5,300 13,650 1,100 120,000 $57,650 26,000 Cash Acct Rec Prepaid Ins Building Accum Depr Equipment Accum Depr Acct Pay Salaries Pay Unearned Revenue Retained Earnings Dividends Paid Revenue Salaries exp Rent exp Ins exp Depreciation exp 7,200 16,500 7,700 11,900 40,100 8,500 62,400 13,400 6,000 1.200 8,300 $203,450 $203,450 a. Prepare the necessary closing entries. b. Calculate the balance in the owners capital account after closing. c. Prepare the balance sheet