Crane Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Crane Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $11,000 112 Accounts Receivable 8,700 157 Equipment 16,500 158 Accumulated Depreciation-Equip. $7,600 201 Accounts Payable 4,200 208 Unearned Rent Revenue 2,300. 301 Owner's Capital 45,600 306 Owner's Drawings 15,600 400 Service Revenue 64,500 429 Rent Revenue 6,600 711 Depreciation Expense 7.300 726 Salaries and Wages Expense 56,700 732 Utilities Expense 15,000 $130,800 $130,800 Prepare the closing entries. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation July 31 Service Revenue July 31 July 31 Rent Revenue Income Summary (To close revenue accounts) Income Summary Depreciation Expense Salaries and Wages Expense Utilities Expense (To close expense accounts) Income Summary (To close net income/(loss)) July 311 Owner's Capital Owner's Drawings (To close drawings) Debit 64,000 6,600 Credit 70,600 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Date Explanation July 31 Balance July 31 Close Net Income/Loss v July 31 Close Drawings Date Explanation July 31 Close Revenues July 31 Close Expenses July 31 Close Net Income/Loss Owner's Capital Debit Credit 64,500 No. 301 Balance Income Summary No. 350 Debit Credit Balance Prepare a post-closing trial balance at July 31. CRANE COMPANY Post-Closing Trial Balance Totals Debit Credit