Debit Credit Cash $12,350 Accounts receivable 14,890 Supplies 6,500 Prepaid Rent 2,660 Equipment 41,000 $5,600 Accumulated depreciation -equipment Notes payable 15,000 Accounts payable 6,100 Salaries payable 2,400 J. Unser, capital 32,100 J. Unser, drawings 7,000 Service revenue 93,500 Advertising expense 12,500 Supplies expense 7,655 Depreciation expense 5,555 Insurance expense 4,390 Salaries and wages expense 38,950 Interest expense 1,250 154,700.00 154,700.00 Please prepare the following entries based on the above Adjusted Trial Balance: 1. Prepare the closing entries (6 marks) 2. Prepare a draft income statement (8 marks) Short answer: 5. What is the overall change to equity? (1 mark)