Accounting HW help, Thank you so much! please reply ASAP! best in 30 Min

m\"READ THE SPECIFIC INSTRUCTIONS BELOW ON HOW TO FORMAT YOUR ANSWERS'\" As of December 31, Iona Carr Autohaus shows the following account balances (after adjustments): . Cash: $4,700 Inventory: $2,900 Prepaid Utilities: $16,500 Machinery {net of Accumulated Depreciation): $85,200 - Accounts Payable: $10,600 . Salaries Payable: $3,300 . Unearned Revenue: $3,800 - Notes Payable: $13,000 . Common Stock: $40,000 . Retained Earnings: $29,900 - Dividends: $4,100 . Sales Revenue: $109,100 . Interest Income: $700 - Ofce Expense: $17,600 . Depreciation Expense: $5,800 . Salaries Expense: $20,200 - Utilities Expense: $8,400 Question 5: 1. Prepare the closing entries for Iona Carr Autohaus as of December 31. The only thing you may omit are journal entry explanations. You may assume all accounts have a normal debit or credit balance. (HINT: there are four entries you must make.) (Each correct closing entry is worth 1 point.) 2. What is Iona Carr Autohaus' total liabilities as of December 31? (1 point] 3. What is the balance in Retained Earnings as of December 31? (1 point) SPEQFIC .lNTRngllQN: For each journal entry, type your response in the following format: DR [account name} $(amount) CR (account name) $(amount) For example, if you are making an entry to debit Cash for $100 and credit Accounts Payable for $100, you would enter the following: DR Cash $100 CR Accounts Payable $100