Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year, ended March 31, 2018. Juan has also completed a correct trial balance as follows: Credit Debit $ 54,000 45,300 350 31,000 $ 10,500 3,100 JUAN REAL ESTATE COMPANY Adjusted Trial Balance At March 31, 2018 Account Titles Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment Accumulated depreciation, office equipment Accounts payable Salaries and commissions payable Note payable, long term Contributed capital (30,000 shares) Retained earnings (on April 1, 2017) Dividends declared Sales commissions earned Management fees earned Operating expenses (detail omitted to conserve your time) Depreciation expense (including $550 on office equipment) Interest expense 1,050 20,500 1,550 31,000 36,000 7,500 8,100 77,500 13,500 49,000 5,700 2,550 Totals $199,100 $199, 100 Assuming a 40 percent tax rate. 4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) % Net profit margin Return on equity % 5. Prepare the closing entries at March 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to close revenue accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 explanation Record entry Clear entry View general journal