The following information is available for Sport Stop for the year ended December 31, 2020 (Assume all account balances are normal Sport Stop Trial Balance For Year Ended December 31, 2020 Accounts payable $1.000 Accounts receivable 3,200 Accumulated depreciation Equipment 2.700 Advertising expense 3,200 Cash $4,800 Cost of goods sold 150,000 Depreciation expense, Equipment 1,100 Equipment 65,000 Insurance expense 400 interest income 650 Inventory 2900 Lucie Major, capital 10.000 LE Major, withdrawals 15.000 Notes payable 10.350 office supplies 700 Office supplies expense 900 Prepaid insurance 1,100 Rent expense 2.800 Sales 221,400 Sales discounts 1,700 Sales returns and allowances 300 Salaries payable 6,000 Telephone expense 1,500 Unearned accounting fees earned 3,500 Sales discounts 1.700 Sales returns and allowances 300 Salaries payable 6,000 Telephone expense 1.500 Uneared accounting fees earned 3,500 Prepare the closing journal entries for the December 31, 2020 year end for Sport Stop. Previous No new data to save. Last checked at 5:1 MacBook Air