The normal account balances appearing in the ledger of Engle Company as of December 31, 2019, before adjustments, are listed below:

Cash $30,000

Accounts Payable 18,000

Freight Out 14,300

Office Supplies 11,500

Sales 80,000

Withdrawals 16,000

Purchases 45,000

Accumulated Depreciation 20,000

Advertising Expense 13,000

Office Building Purchase Discounts 12,000

Sales Discounts 4,000

Merchandise Inventory 32,000

Office Building 40,000

Freight In 1,700 Capital -

Bowman 77,500

OTHER INFORMATION (ADJUSTMENT DATA) A physical inventory of the merchandise was taken on December 31, 2019 and it was valued at $30,000. The Periodic Inventory Method is used. The office supplies inventory at December 31, 2019 was $ 6,500. The estimated life of the office building is 20 years and is depreciated using the straight line method of depreciation. ) A Worksheet (30 Points) B) A Classified Income Statement. (20 Points)

PART V (10 Points) - Prepare Closing Journal Entries. Elk Spa Luxury Services. Selected Accounts of The Adjusted Trial Balance of Elk Spa as of December 31, 2019 shows the following: Cash 22,000, Prepaid Insurance 12,000, Equipment 50,000, Accounts Payable 3,000, Capital 65,000, Withdrawals 9,000, Service Revenue 18,000, Referral Revenue 3,000, Insurance Expense 9,000, Rent Expense 8,000, Advertising Expense 5,000 and Wage Expense 6,000.

I only need the answer for part 5

Thank you