The accounting period of Petz Palace (Pty) Ltd ends on 31 December each year. The post-adjustment trail balance on 31 December 2021 is given below. Post-adiusted Trial Balance of Petz Palace (Ptv) Ltd at 31 December 2021 Debit Credit R 252 580 FOL B1 Capital Land and Buildings Vehicles 202 000 90 000 B2 Equipment Accumulated depreciation on vehicles Accumulated depreciation on equipment Inventory B4 25 000 B5 72 000 B6 6 775 B7 24 040 Accounts receivable B8 15 000 2225 20 000 Bank B9 B10 Fixed deposit Accounts payable Prepaid expenses Accrued expenses Income received in advance B11 12 750 B12 2 700 B13 125 B14 850 B15 N1 Accrued income 1 700 Sales 238 650 Cost of sales Salaries Water and electricity Telephone Rates N2 138 000 N4 40 750 2 125 N5 N6 2 075 3 000 1 800 N7 Insurance N8 N9 Repairs Interest on fixed deposit 1 200 N10 3 400 Rent income N11 10 200 Stationary Bad debts N12 N13 1 310 750 Bad debts recovered N14 95 Packing material Bank charges Inventory deficit Depreciation N15 2 455 N16 N17 200 1 070 20 025 597 425 N18 597 425 REQUIRED: 1) Prepare the journal entries for the closing entries for Petz Palace (Pty) Ltd on 31 December 2021. 2) Prepare the post-closing trail balance for Petz Palace (Pty) Ltd on 31 December 2021.