Current Attempt in Progress The adjusted trial balance of J. C. Crane Company appears below. J. C. CRANE Adjusted Trial Balance December 31, 2020 Debit Credit Cash $12,720 Accounts Receivable 26,500 Inventory 37,100 Buildings 148,400 Accumulated Depreciation-Buildings $21,200 Accounts Payable 12,720 Owner's Capital 152,640 Owner's Drawings 31,800 Sales Revenue 328,600 Buildings Accumulated Depreciation-Buildings 148,400 $21,200 Accounts Payable 12,720 Owner's Capital 152,640 Owner's Drawings 31,800 Sales Revenue 328,600 Sales Discounts 6,360 Sales Returns & Allowances 8,480 Cost of Goods Sold 199,280 Operating Expenses 44,520 $515,160 $515,160 Using the information given, prepare the year-end closing entries. (List all automatically indented when amount is entered. Do not indent manually.) Using the information given, prepare the year-end closing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Cash Debit Credit 12.720 Accounts Receivable (To close credit balance accounts.) Dec. 31 Inventory Buildings Accumulated Depreciation-Buildings Accounts Payable Sales Revenue 26,500 37.100 148,400 21.200 12.720 328600 Accounts Payable 12,720 I Accounts Payable 328,600 Dec. 31 Sales Revenue (To close accounts with debit balances.) Dec. 31 (To transfer net income to capital.) (To close drawings account to capital.)