Data table Data table Mike's Bowling Alley's adjusted trial balance as of December 31,2024 , is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the closing entries for Mike's Bowling Aley. (Record debits first, then credits. Select the explanation Start by closing revenues. Close expenses for the period. Close Income Summary. Close withdrawals. Paruirament 2 Prenare a nneterincinn trial halange Post-Closing Trial Balance December 31,2024 Balance Account Title Debit Credit Requirement 3. Compute the current ratio for Mike's Bowling Alley. Select the labels, enter the amounts, then compute the current ratio. (Round your answer to two decimat piaces.)