The adjusted trial balance for China Tea Company at December $31,2021,$ is presented below. $1.$ Prepare the closing entries for China Tea Company for year ended December $31,2021.($If no entry is required for a transaction$/$even$,$ select $"$No journal entry required" in the first account field.$)2.$ Prepare a classified balance sheet for China Tea Company as of December $31,2021.($Amounts to be deducted should be indicated by a minus sign.$)$