Dr. Cr. Use the following end-of-period spreadsheet to answer the question that follow. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Income Statement Balance Sheet Balance Account Title Dr. Cr. Dr. Cr. Cash 48,000 48,000 Accounts Receivable 18,000 18,000 Supplies 6,000 6,000 Equipment 57,000 57,000 Accumulated Depreciation 18,000 18,000 Accounts Payable 25,000 25,000 Wages Payable 6,000 6,000 C. Finley, Capital 33,000 33,000 C. Finley, Drawing 3,000 3,000 Fees Earned 155,000 155,000 Wages Expense 63,000 63,000 Rent Expense 27,000 27,000 Depreciation Expense 15,000 125,000 237,000 237,000 105,000 155,000 132,000 82,000 Net Income 50,000 50,000 155,000 155,000 132,000 132,000 The first closing entry would be 155,000 155,000 132,000 132,000 The first closing entry would be 63,000 27,000 15,000 50,000 155,000