The adjusted trial balance for Lloyd Construction as of December 31, 2023, follows: No. Account Debit Credit 101 Cash $ 15,100 104 Short-term investments 20,100 126 Supplies 6,700 149 Notes receivable 37,500 167 Equipment 69,000 168 Accumulated depreciation, equipment $ 33,500 173 Building 251,000 174 Accumulated depreciation, building 136,500 183 Land 81,500 193 Franchise 26,500 16,100 201 Accounts payable 140 203 Interest payable 26,100 233 Unearned professional revenue 123,000 251 Long-term notes payable 83,800 301 Amar Lloyd, capital 302 Amar Lloyd, withdrawals 2,100 197,480 401 Professional revenue 21,500 406 Rent revenue 606 Depreciation expense, building 19,100 612 Depreciation expense, equipment 7,100 63,100 623 Wages expense 520 633 Interest expense 17,100 637 Insurance expense 11,900 652 Supplies expense 3,500 688 Telephone expense 6,300 690 Utilities expense $ 638,120 $ 638,120 Totals Required: Prepare the closing entries made at the end of the year. Note: Journal entry explanations are not required.