High Tower Corporation has provided you the following information pertaining to account balances as of December 31, 2021 after their first year in business: Equipment Interest Expense Interest Payable 145,000 3,900 1,600 Retained Earnings (before closing entries) 0 Dividends 50,400 Land 125,000 Accounts Receivable 92,000 Bonds Payable (due July 2027) 60,000 Notes Payable (due in 6 months) 15,000 Common Stock 60,000 Accumulated Depreciation - Equipment 36,000 Prepaid Advertising 3,000 Service Revenue 381,700 Buildings 260,000 Supplies 2,260 Accounts Payable 6,400 Income Taxes Payable Utilities Expense Advertising Expense 13,000 5,150 2,600 Salaries and Wages Expense 85,470 3,900 232,000 Cash 25,320 9,500 Salaries and Wages Payable Accumulated Depreciation. - Building Depreciation Expense Although High Tower Corporation did not provide you an Adjusted Trial Balance, they have assured you that all accounts listed above have normal balances and include all December 31, 2021 year-end adjustments. Closing journal entries have Not been made (see #1 below). Required: 1. Prepare closing journal entries. 2. Prepare a classified balance sheet in proper form for the company as of December 31, 2021.