Hi, please help with this problem as soon as possible, thank you. Teddy's Toys is a specialty toy store that specializes in children's books, toys, and crafts. It earns revenue by selling merchandise to its customers. The following represents the fully adjusted trial balance of Teddy's Toys at May 31, 2024 before the closing entries for the quarter ended May 31, 2024:

Accounts receivable Accounts payable Administrative expenses Bank loan payable (due September 2024) Cash Contributed capital Depreciation expense Equipment Income tax expense Interest expenses Long-term investments Note payable (due February 2026) Prepaid expenses Rental expenses Retained earnings Sales revenue Selling expenses Inventory Utility expenses Accumulated depreciation: Equipment Cost of sales Deferred revenue (gift cards purchased in 2024) Wage expenses Total & A fH A P @ h &N *\" Debit 54,000 4,000 185,000 10,000 150,000 40,000 18,000 190,000 35,000 45,000 12,000 214,000*** 27,000 412,000 127,000 1,523,000 Credit 61,000 54,000 90,000* 81,000 187,000** 850,000 50,000 150,000 1,623,000