Prepare all year-end closing entries for Kim Company using compound entries wherever appropriate. Kim Company uses the perpetual inventory method. On November 30, 2020, the adjusted year-end account balances of Kim Company were as follows: Accounts Payable $32,500 Equipment $140,000 Accounts Receivable 26,000 Interest Revenue 4,400 Accumulated Depreciation 24,000 Inventory 52,500 Depreciation Expense 8,000 Rent and Utilities Expense 77,000 Cash 7,000 Salaries Expense 236,000 Cost of Goods Sold 599,700 Sales 1,007,000 Rachel Kim, Capital 133,000 Sales Discounts 27,700 Rachel Kim, Withdrawals 30,000 Unearned Revenue 3,000 Inventory as per actual count November 30, 2020 = $47,000. The inventory account should be adjusted to the actual count balance before doing the closing entries