The following adjusted trial balance for Canadian Music School 1. Prepare the closing entries for December 31, 2019. 2. Post the closing entries. 3. Prepare the post-closing trial balance at December 31, 2019 Canadian Piano School Adjusted Trial Balance Credit Cash... Debit $ 7,000 3,000 31,000 $27.000 700 17,200 Accounts receivable Piano Accumulated depreciation, piano ........ Salaries payable....... Melodie Martin, capital... Melodie Martin, withdrawals...... Teaching revenue. Salaries expense................ Depreciation expense, piano........ Utilities expense Totals 2,300 38.000 30.000 5,000 4,600 $82,900 $82,900 1. Assume you have a worksheet which will be used to prepare financial statements. You see in this worksheet that there is no depreciation adjustment, yet you own a large amount of equipment. Does the absence of a depreciation adjustment should worry you? Explain in your words why or why not