Prepare the closing entries.

Account Title Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Cash Common Stock Depreciation Expense - Equipment Dividends Equipment Insurance Expense Interest Expense Notes Payable (due March 31, 2020) Office Supplies Office Supplies Expense Prepaid Insurance Retained Earnings December 31, 2017 Salaries Expense Salaries Payable Service Revenue Unearned Revenue (short-term) Utilities Expense Totals Balance Debit Credit $15,000 $16,0001 32,000 25,000 36,000 10,000 5,000 65,000 4,000 3,000 10,000 4,000 1,000 10,000 6,000 15,000 5,000 50,000 8,000 4,000 $162,000 $162,000