Part 3: Closing Entries RC Company has the following Adjusted Trial Balance by end of December 2019 Account Name Cash Account Receivable Supplies Equipment Accounts Payable Capital Stocks Sales Revenue Dividends Salaries Expense Rent Expense Insurance Expense Depreciation Expense Totals ABM Company Adjusted Trial Balance December 31, 2019 Debit Credit 55,000 47,000 6,000 5,400 15,000 50,000 90,000 3,000 12,000 24,000 2,000 600 155,000 155,000 Requirement: 1. Prepare the Balance Sheet and Income Statement (15 points) 2- Post the closing journal entries. (25 points)