The adjusted trial balance for CTC Company at December 31, this year, is presented below.ccounts are shown in alphabetical onder and the balances are the reg (normal) balance for the type of account in question Accounts receivable Accounts payable $156.000 36,000 131,000 Accumulated depreciation equipment 3.100 Advertising expense 11,100 Cash 230.000 Common stock Costs of goods sold Depreciation expense Equipment 210.000 36,000 360,000 2.600 Interest expense 12.800 31000 interest payable Inventory 36.000 Notes payable-due in three months 5.600 21 000 $2,300 Prepaid rent Rent expense Retained earnings Salaries expense 126.000 450.000 4,600 Sales revenue Unearned Revenue Required Prepare the closing entries for CCT Company for the year ended December 31. Show your closing entries as separate eles . 3 Edit View Insert Format Tools Table 2 B