Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.) (For balances ending in 0 select bal for the date and 0 for the amount for the normal balance of the account.)

CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2021 Credit Debit $8,000 750 1,450 29,000 47,000 185,000 $31,000 37,000 Cash Interest receivable Supplies Long-term investments Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,000 must be paid in February, 2022) R. Falkner, capital R. Falkner, drawings Service revenue Interest revenue Depreciation expense Interest expense Insurance expense Salaries expense Supplies expense Utilities expense 17,500 6,500 940 2,120 66,200 164,140 46,000 125,600 1,400 9,950 3,850 4,700 31,500 5,800 5,400 $415,400 $415,400 Your answer is correct. Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Mar 31 Service Revenue 125,600 Interest Revenue 1,400 127000 Income Summary (To close revenue accounts) Mar. 31 Income Summary 61200 Depreciation Expense 9,950 Interest Expense 3,850 Insurance Expense 4700 Salaries Expense 31,500 Supplies Expense 5800 5,400 Utilities Expense (To close expense accounts) Income Summary Mar. 31 65800 > I > 65800 R. Falkner, Capital (To close profit to capital) R. Falkner, Capital Mar 31 46,000 46,000 R. Falkner, Drawings (To close drawings account) COMICISTICS TOSHCHICHICCCCCCCCCS Income Summary > Service Revenue Interest Revenue > Depreciation Expense Supplies Expense Utilities Expense >