The completed financial statement columns of the spreadsheet for Cullumber Company are shown as follows: Cullumber Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8.900 112 Accounts Receivable 10,600 130 Prepaid Insurance 2.700 157 Equipment 24,500 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9.100 212 Salaries and Wages Payable 2,400 301 Owner's Capital 20,000 306 Owner's Drawings 10,800 400 Service Revenue 59,600 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 3,300 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,800 732 Utilities Expense 1,400 Totals 38.100 59,600 57,500 36.000 Net Income 21,500 21,500 59.600 59,600 57,500 57,500 Prepare a classified balance sheet. (List Current Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet Assets $ $ $ Liabilities and Owner's Equity $ > $ > $ Prepare the closing entries. L. Cullumber did not make any additional investments during the year. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close drawings)