Budget Otice Systems uses a perpetual inventory system The adjusted tral balance of Budiget Office Systems at March 31 . 2024 , follows Eit (Cick the icon to visew the adjusted trial balance:) Read the requitements Requirement 1. Joumalize the required closing entries at Mach 31,202.4 (Fencard detais first then credits Select the explonation on the litit line of the journal entiy tabie) Start by dosing revenues. Do not close expenses of contra-fevenue accounts, we will do this in the next step. Data table Data table Requirements 1. Journalize the required closing entries at March 31, 2024 2. The following T-accounts have been set up: Income Summary: Morton, Capital; and Morton, Withdrawals. Post the closing entries to the T-accounts, and calculate their ending balances. 3. How much was Budget's net income or net loss