Use the below trial balance and complete the appropriate closing entries.

Fanatical Fashions Adjusted Trial Balance At December 31, 2022 Account Debit Credit Cash $3,230,000 Accounts Receivable 1,240,000 Prepaid Insurance 189,000 Prepaid Rent 0 Buildings 3,540,300 Accumulated DepreciationBuilding $478,010 Accounts Payable 980,000 Wages Payable 656,000 Interest Payable 16,000 Note Payable 360,000 Common Stock 1,000,000 Sales Revenue 7,450,300 Rent Expense 740,000 Wage Expense 1,356,000 Utilities Expense 94,000 Depreciation ExpenseBuilding 1 18,010 Interest Expense 250,000 Insurance Expense m Totals 1 4 l 1 4 l 5. Use the above trial balance and complete the appropriate closing entries