MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account Debit Credit 181 Cash $ 27,300 124 Shop supplies 1,450 128 Prepaid insurance 3,500 167 Equipment 84,500 168 Accumulated depreciation, equipment $ 6,800 201 Accounts payable 18,300 210 Wages payable 301 Mike Yang, capital 8,160 133,000 382 Mike Yang, withdrawals 32,500 401 Repair revenue 151,330 612 Depreciation expense, equipment 7,800 623 Wages expense 103,800 637 Insurance expense 1,550 640 Rent expense 48,850 650 Office supplies expense 4,100 690 Utilities expense 2,240 Totals Required 1. Prepare closing entries. $317,590 $317,590