Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data pod to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data r the year ended December 31,2021 is included on the general ledger and trial balance tabs. The note receivable is due ithin the year. The note payable and mortgage payable are not due within the current year. Prepare the adjusting entry related to the beginning merchandise inventory balance of $131,400. Note: Enter debits before credits. Journal entry worksheet Prepare the adjusting entry related to ending merchandise inventory balance of $128,500. Note: Enter debits before credits. Prepare the closing entry to close all temporary accounts with credit balances to Income Summary. Note: Enter debits before credits. Journal entry worksheet Prepare the closing entry to close all temporary accounts with debit balances to Income Summary. Note: Enter debits before credits. Journal entry worksheet Prepare the closing entry to close income summary. Note: Enter debits before credits. Journal entry worksheet Prepare the entry to close the drawing account. Note: Enter debits before credits. GOOD TO GO AUTO PRODUCTS Income Statement For the Year Ended December 31, 2021 Operating revenue Net sales Cost of goods sold: Delivered cost of purchases 0 Net delivered cost of purchases Total merchandise available for sale Cost of goods sold Gross profit on sales Operating expenses Warehouse expenses GOOD TO GO AUTO PRODUCTS Balance Sheet December 31, 2021 ASSETS \begin{tabular}{|l|r|r|r|} \hline & 0 & 9,400 & \\ \hline Total Plant and equipment & & & 152,200 \\ \hline Total Assets & & & $92,400 \\ \hline & & & \\ \hline \end{tabular} LIABILITIES AND OWNER'S EQUITY Current liabilities: \begin{tabular}{|l|r|r|r|} \hline & & $ & 0 \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & 0 & \\ \hline & & & \\ \hline & & & $ \\ \hline Owner's equity & & & \\ \hline & & & \\ \hline Total liabilities and owner's equity & & & \\ \hline \end{tabular}