URGENT HELP PLEASE!!!

ces) PART 11: Problem 1 (25 points) Cash.. Accounts receivable. Allowance for Doubtful Accounts. Merchandise Inventory... Office Supplies. Accounts Payable. Salaries Payable..... 850 Common Stock 20,000 Retained Earnings. 60, 630 Sales.. 550,000 Sales returns & allowance... Sales discounts. Cost of goods sold.... Salaries expense 8,150 Advertising Expense. Rent Expense.. 24,325 Other operating expense.. 450 Interest expense. 5.055 9 TOTALS $649,480 $649, 480 Requirement: Using the Adjusted Trial Balance above answer the following questions (25 points): 1. What is the amount of net sales? 2 points Jerry's Convenience Store Adjusted Trial Balance December 31, 2022 Dr. ..$ 67,500 46,000 60,000 2,800 4,500 4,250 382,450 44,000 R 2,000 16,000 Focus es Mailings Review View Table Design Layout Tell me Interest expense... 5,055 0 TOTALS $649,480 $649, 480 Requirement: Using the Adjusted Trial Balance above answer the following questions (25 points): 1. What is the amount of net sales? 2 points 2. What is the amount of total assets? 2 points 3. What is the amount of total liabilities? 2 points 4. What is the amount of net assets? 2 points 5. What is the amount of Retained Earnings after the closing entries have been posted? 3 pts What is the amount of gross profit? 2 points 6. 7. What is the amount of total expenses? 2 points 8. Record the closing entries in the table below. 10 points Date Account Debit Credit 31 + Focus