Enter the balances from the adjusted trial balance and post the closing entries and calculate the balances of the accounts.(Post entries in the order of journal entries presented in the previous part.)

The completed financial statement columns of the spreadsheet for Pharoah Company are shown as follows: Pharoah Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,800 112 Accounts Receivable 10,800 130 Prepaid Insurance 2,800 157 Equipment 24,400 158 Accumulated Depreciation-Equip. 4,400 201 Accounts Payable 8,900 212 2,200 Salaries and Wages Payable Owner's Capital 301 19,200 306 Owner's Drawings 10,100 400 60,400 622 Service Revenue Maintenance and Repairs Expense Depreciation Expense 1,800 711 3,300 722 1,800 726 Insurance Expense Salaries and Wages Expense Utilities Expense 30,100 732 1,200 Totals 38,200 60,400 56,900 34,700 Net Income 22,200 22,200 60,400 60,400 56,900 56,900 Enter the balances from the adjusted trial balance and post the closing entries and calculate the balances of the accounts.(Post entries in the order of journal entries presented in the previous part.) Owner's Capital No. 301 12/31 10100 12/31 Bal. Owner's Drawings No. 306 12/31 Bal. 10100 12/31 10100 Income Summary No. 350 12/31 38200 12/31