Use the information below to prepare closing entries. Arielle Company Adjusted Trial Balance For the Year Ended December 31, 2020 Debit Credit Cash $ 7,030 Accounts Receivable 1.100 Prepaid Expenses 700 Equipment 15,700 Accumulated Depreciation $ 2,100 Accounts Payable 900 Notes Payable 6,200 Capital Stock 3,000 Retained Earnings 10,940 Accounts Receivable 1.100 700 Prepaid Expenses Equipment 15,700 Accumulated Depreciation $ 2,100 Accounts Payable 900 Notes Payable 6,200 Capital Stock 3,000 Retained Earnings 10,940 Dividends 1.790 Fees Eamed 8.750 Wages Expense 2.500 Rent Expense 1.960 Utilities Expense 775 Depreciation Expense 250