Exercise.2 The Trial Balance for Hubbs Company on December 31, 2009 are shown below Account Debit Credit 25400 7500 1800 | 68000 Cash Account Receivable Prepaid Insurance Equipment Accumulated Dep Equipment Account Payable Note payable Salaries Payable Bond Payable 8600 11000 700 3000 20000 34000 Hubbs, Capital Drawings Service Revenue Repair Expense Dep. Expense Salaries Expense Utilities Expenses 7200 | 44000 3400 2800 1200 4000 121300 121300 Instructions h) Prpaur an income lance shee 1/12/2005 b) Prepare the closing entries on 31/12/2009 c) Post. the closing entries