The following is a complete adjusted trial balance of Green Book Merchandning for the year ending December 31, 20X7, in alphabetical order and all accounts have normal balances Use this information for all parts of this question Accounts Payable $7,600 Accounts Receivable) 20,000 Accumulated Depreciation-Store Equipment 60,000 Advertising expense 4,950 Cash 2,100 Cost of Goods Sold 23.700 300 Delivery Expense Depreciation expense F. Book, Capital F. Book, Drawings Insurance expense Interest Expense 500 22 600 500 1,200 1030 Interest Revenue 500 Merchandise Inventory 5,750 Note Payable due June 30, 20x8 10.000 Note Receivable due Aug 31, 20x9 4,000 Prepaid Insurance 170 15,000 Salaries expense Sales 52,700 Sales discounts 2001 Sales Returns and Allowances 1,200 70,000 Store Equipment 1,100 Supplies 1,700 Supplies expense Salaries expense Sales Sales discounts Sales Returns and Allowances Store Equipment Supplies Supplies expense 15,000 52,700 200 1,200 70,000 1,100 1,700 Required: (a) (b) (c) Prepare in good form a multi-step income statement sheet for Green Book Merchandising for the year ended December 31, 20X7, using the accounts listed. (9 Marks) Prepare in good form statement of owner's equity for Green Book Merchandising for the year ended December 31, 20X7, using the accounts listed. (3 Marks) Journalize the closing entries at December 31, 20X7 (6 Marks)