The following is a list of the accounts and balances at December 31, 2021, for Meilleur Merchants. The list of accounts is in alphabetical order. All accounts have normal balances. Meilleur uses a periodic inventory system and the earnings approach for revenue recognition. Balance Dec. 31 1 2 $15,000 30.000 15,500 10.000 3 4 4.111 5 6 Account Accounts payable Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Advertising expense Building S. Meilleur, capital S. Meilleur, drawings Cash Depreciation expense Equipment Freight in Freight out 7 84,600 75.000 28,300 4,505 8 9 6.030 10 11 24,500 3,136 12 641 13 14 Insurance expense Interest expense 1,590 2,240 15 16 Interest revenue 945 17 18 12,000 90,200 57,600 2,100 19 Land Merchandise inventory, beginning Mortgage payable Prepaid insurance Property tax expense Property taxes payable Purchase discounts 20 21 1.560 22 600 23 24 Purchase returns and allowances Purchases 25 6,300 14.525 268.100 1.445 42.100 26 27 28 650 29 Rent revenue Salaries expense Salaries payable Sales Sales discounts Sales returns and allowances Unearned revenue 419.350 15.300 30 19.060 31 23.000 32 32 Unearned revenue 23.000 33 Utilities expense Merchandise inventory, ending 2,250 105.140 34 Prepare closing entries for Meilleur Merchants at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31