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 Debit Credit Cash $12,000 Accounts receivable 20,500 Office supplies 4,600 Prepaid insurance 4,800 Equipment 80,500 Accum amort equipment $13,300 Accounts payable 15,500 Unearned service revenue 6,800 Salary payable 3,300 Mark Hop, Capital 80,200 Mark Hop, withdrawals 20,600 Service revenue 70,400 Salary expense 33,900 Advertising expense 15,400 Utilities expense 9,900 Supplies expense 4,900 Amort expense equipment 12,400 Total $219.500 $219.500 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