Sunland Management Services began business on January 1, 2022with a capital investment of $129,300. The company manages condominiums for owners (Service Revenue and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Sunland Management Services Worksheet For the Year Ended December 31, 2022 Trial Balance Adjusted Trial Balance Dr. . Dr. Cr. Cash 14,000 14.000 Accounts Receivable 29,000 28.000 Prepaid Insurance 3,840 2.560 Land 65,200 65.200 Buildings 128,600 128.600 Equipment 59,500 59.500 Accounts Payable 12.700 12.700 Unearned Rent Revenue 6.200 1.900 129 300 129 300 Mortgage Payable Owner's Capital 134,940 134,940 Owner's Drawings 22.000 22,000 22.000 Service Revenue 91,000 91.000 Rent Revenue 29.100 33.400 42,400 42.400 Salaries and Wages Expense Advertising Expense 20,500 20.500 Utilities Expense 19,200 19 200 Totals 403,240 403.240 Insurance Expense 1.280 6.900 Depreciation Expense Accumulated Depreciation-Buildings 2.900 Accumulated Depreciation Equipment 3.900 Interest Expense 11.900 Interest Payable 11.900 Totals 421,940 421940 Prepare ad sified balance sheet. (Note: $37,700 of the mortgage note payable is due for payment next year.) (List Current Asset in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment) SUNLAND MANAGEMENT SERVICES Balance Sheet Assets Liabilities and Owner's Equity ww e Textbook and Media List of Accounts Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (Adjusting entry for insurance expense) Dec. 31 (Adjusting entry for depreciation expense) Dec. 31 (Adjusting entry for unearned rent revenue) Dec. 31 (Adjusting entry for interest expense) eTextbook and Media List of Accounts Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue accounts) () Dec. 31 (To close expense accounts) Dec. 31 (To close net income) Dec. 31 (To close drawings) eTextbook and Media List of Accounts Prepare a post-closing trial balance SUNLAND MANAGEMENT SERVICES Post-Closing Trial Balance Debit Credit Totals