I need help with the "prepare closing journal entries". I already did the trial balance, statement of income, statement of changes in equity and statement of the financial position indicated above. Please show your full solution. Thanks.

Cash Accounts Receivable Prepaid Advertising Supplies Notes Receivable Interest Receivable Equipment Accumulated Depreciation - Equipment Accounts Payable CORONADO LTD. Adjusted Trial Balance August 31, 2021 $ Debit 4,760 5,160 185 1,040 3,800 38 11,110 $ Credit 2,398 2,860 Salaries Payable Income Tax Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Interest Income Salaries Expense Rent Expense Supplies Expense 510 6,160 410 740 1,670 270 1,260 12,700 4,669 DOWN! 8,740 19 Depreciation Expense Income Tax Expense Advertising Expense LA 218 270 185 34,586 LA III 34,586 Revenues Interest Income Service Revenue Total Revenue Expenses Salaries Expense Rent Expense Supplies Expense Depreciation Expense CORONADO LTD. Statement of Income Month Ended August 31, 2021 $ 19 8,740 6,160 410 740 218 i i $ 8,759 Depreciation Expense Advertising Expense Total Expenses Income Before Income Tax Income Tax Expense Net Income 218 185 i $ i 1,046 270 i 776 Attempts: 2 of 3 used 7,713 Prepare a statement of changes in equity. Balance, Aug. 1 Dividends Declared Net Income Balance, Aug. 31 LA LA CORONADO LTD. Statement of Changes in Equity Month Ended August 31, 2021 Common Shares 12,700 0 12,700 tA Retained Earnings 4,669 -510 776 4,935 LA Total Equity 17,369 -510 776 17,635 Prepare a statement of financial position. (List Current Assets in order of liquidity.) CORONADO LTD. Statement of Financial Position August 31, 2021 Assets Current Assets Cash Accounts Receivable Notes Receivable Interest Receivable Supplies Prepaid Advertising Total Current Assets $ $ ssets Receivable ceivable Receivable Advertising rent Assets CORONADO LTD. Statement of Financial Position August 31, 2021 Assets $ $ 4,760 5,160 3,800 38 1,040 185 14,983 Property, Plant and Equipment Equipment Less : Accumulated Depreciation - Equipment Total Assets Current Liabilities Accounts Payable Salaries Payable Income Tax Payable Deferred Revenue Total Liabilities $ Liabilities and Shareholders' Equity $ 11,110 -2,398 i 2,860 1,670 270 1,260 $ $ Plant and Equipment nt Accumulated Depreciation - Equipment ts abilities Payable Payable ax Payable Revenue lities $ Liabilities and Shareholders' Equity $ 11,110 -2,398 i 2,860 1,670 270 1,260 $ $ 8,712 23,695 6,060 Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ LA 12,700 4,935 tA $ tA lities ers' Equity Shares Earnings reholders' Equity lities and Shareholders' Equity 12,700 4,935 LA $ tA 6,060 17,635 23,695 Prepare the closing journal entries, assuming Coronado closes its books monthly. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Aug. 31 (To close revenue accounts) 1. 2. Aug. 31 100 QUOTI 3. 4. Aug. 31 Aug. 31 (To close expense accounts) (To close net income/loss) (To transfer dividends declared)