Part 3 - Closing Entries (5 marks) Based on the following adjusted trial balance, prepare the closing entries for Hop Electric on December 31, 2021. Hop Electric Adjusted Trial Balance December 31, 2021 Credit Debit Cash $12,000 Accounts receivable 20,500 Office supplies 4,600 Prepaid insurance 4, 800 Equipment 80,500 Accum, amort.-equipment Accounts payable Unearned service revenue Salary payable Mark Hop, Capital Mark Hop, withdrawals 19,600 Service revenue Salary expense 54,000 Advertising expense 15,400 Utilities expense 4,900 Supplies expense 9,900 Amort. expense-equipment 12,400 Total $238.600 $43,300 14,500 6,800 3,300 80,200 90,500 $238.600 Requirement #1: prepare closing entries for December 31, 2021. No explanations required Date 2013 Accounts Debit Credit Dec. 31 31 31 31 Requirement #2: Calculate the ending balance of Mark Hop, capital after closing entries have been prepared. Mark Hop, Capital