Prepare closing entries from the following end-of-period spreadsheet. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash Accounts Receivable 26,500 7,000 1,000 18,500 26,500 7,000 1,000 18,500 Supplies Equipment Accumulated Depr.-Equip. Accounts Payable Wages Payable Common Stock Retained Earnings 5,000 11,000 1,000 6,000 2,000 5,000 11,000 1,000 6,000 2.000 2,000 Dividends 2,000 59,500 59,500 Fees Earned Wages Expense Rent Expense Depreciation Expense Totals 19,000 7,000 3,500 84,500 19,000 7,000 3,500 29,500 30,000 59,500 84,500 59,500 25 000 55,000 30,000 55,000 Net Income 59,500 55,000 If an amount box does not require an entry, leave it blank. Dec. 31 Dec. 31