Listed below are the account balances from adjusted trial balance of ATS Company.

ATS Company Adjusted Trial Balance December 31, 2019
Account Name	Debit	Credit
Cash	17.600
Accounts Receivable	18.700
Store Supplies Inventory	2.530
Equipment	80.300
Accumulated Depreciation, Equipment		19.030
Accounts Payable		13.200
Notes Payable		28.600
Capital		71.500
Withdrawals	7.150
Service Revenue		115.500
Store Supplies Expense	22.550
Insurance Expense	17.600
Salaries Expense	22.000
Delivery Expense	14.300
Utilities Expense	13.200
Interest Expense	15.400
Depreciation Expense, Equipment	16.500
Totals	247.830	247.830

Required:

1. Journalize closing entries for ATS Company
2. Prepare an Income Statement and a Balance Sheet for ATS Company