Exercise $2-12($Algo$)$ Financial statements and closing entries $[$LO$2-7,2-8]$

The December $31,2024,$ adjusted trial balance for the Blueboy Cheese Corporation is presented below.

$\backslash$table$[[$Account Title,Debits,Credits$],[$Cash$,$$$57,700,],[$Accounts receivable,$270,000,],[$Prepaid rent,$7,000,],[$Inventory$,39,000,],[$Office equipment,$490,000,],[$Accumulated depreciation,,$206,0$