MY Autobody's adjusted trial balance on December 31, 2023, appears in the work No. Account 101 Cash Debit $ 27,800 Credit 124 Shop supplies 1,700 128 Prepaid insurance 4,000 167 Equipment 87,000 168 Accumulated depreciation, equipment $ 7,300 201 Accounts payable 18,800 210 Wages payable 301 Mike Yang, capital 8,660 138,000 302 Mike Yang, withdrawals 35,000 401 Repair revenue 155,830 612 Depreciation expense, equipment 8,300 623 Wages expense 104,300 489 Insurance expense 1,800 640 650 690 Totals Rent expense 51,350 Office supplies expense 4,600 Utilities expense 2,740 $328,590 $328,590 Required 1. Prepare closing entries.