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2) Cookies and More sells cookies and baked products in a mall. Cookies and More is organized as a sole proprietorship. The transactions for December 2000 for Cookies and More have been recorded in the accounting system. This assignment requires you to close the accounts for this period. The trial balance for December 31, 2000, is given below: Cookies and More Aqusted Trial Balance December 31, 2000 Credit Debit $12.230 4,750 2,000 270 5,000 Account name Cash Accounts Receivable Prepaid Insurance Supplies Building Accumulated Depreciation-Building Accounts Payable Unearned Revenue Note Payable Kelly, Capital Kelly, Drawings Sales Revenue Salary Expense Supplies Expense Utilities Expense 1,000 1,650 5,000 12.000 5.000 2.000 10.000 5.400 2.000 1.000 $34.650534650 Note: No owner's contribution/investment for December 1) Prepare Income Statement 2) Prepare Statement of Owner's Equity 3) Prepare balance Sheet 4) Prepare Closing entries