Exercise 4. Following is the year-end adjusted trial balance for Fred's Corner Grocery for the current year: Fred's Corner Grocery Adjusted Trial Balance December 31 Dr. $ 67,500 46,000 60,000 800 $ 16,000 850 125,630 45,000 550,000 Cash...... Accounts receivable............... Merchandise inventory. Store supplies...... Accounts payable.... Salaries payable. F. Brewster, Capital.. F. Brewster, Withdrawals....... Sales....................... Sales returns & allowances...... Sales discounts............. Cost of goods sold..... Sales salaries expense......... Advertising expense.......... Store salaries expense............. Store supplies expense......... Interest expense.... Totals............................................. 4,500 4,250 382,450 44,000 8,150 24,325 450 5,055 $692,480 $692,480 Prepare the closing entries at December 31 for the current year