Use the following adjusted trial balance to prepare Closing Entries in tab 5 as of 12/31/20:
				Debit		Credit
Cash				$ 1,500.00
Accounts receivable		$ 2,200.00
Interest receivable		$ 100.00
Prepaid insurance			$ 1,600.00
Notes receivable (long-term)	$ 2,800.00
Equipment			$ 15,290.00
Accumulated depreciation				$ 3,000.00
Accounts payable					$ 2,400.00
Accrued expenses payable				$ 3,920.00
Income taxes payable				$ 2,700.00
Unearned rent revenue				$ 500.00
Common Stock (800 shares)				$ 80.00
Additional paid-in capital				$ 3,620.00
Retained earnings					$ 2,000.00
Sales revenue					$ 45,790.00
Interest revenue					$ 560.00
Rent revenue					$ 24,800.00
Wages expense			$ 24,390.00
Depreciation expense		$ 4,500.00
Utilities expense			$ 10,900.00
Insurance expense			$ 2,400.00
Rent expense			$ 18,950.00
Income tax expense		$ 4,740.00
Total				$ 89,370.00		$ 89,370.00