Question (13 marks) The accountant for Sheldrake Consulting prepared the following "Adjusted" Trial Balance at December 31, 2020, after one year of operations: Debit Credit Cash $ 7,590 Accounts Receivable 5,910 Unexpired Insurance 2,550 Office Equipment 25,230 .....' ...... Accumulated Depreciation: Office Equipment $ 450 Unearned Consulting Fees 4,230 ....... Sheldrake Capital 24,420 Sheldrake, Withdrawal 1,150 Consulting Fees Earned 28,150 Salaries Expense 8,850 Utilities Expense 2,130 Rent Expense 3,390 Depreciation Expense 450 $57,250 $57,250 Required: Prepare closing entries for Sheldrake Consulting with explanation