Exercise 5.5 (Static) Preparing Closing Entries and an After-Closing Trial Balance (LO5-2, LO5-4, LO5-5) Wilderness Guide Services, Incorporated, performs adjusting entries every month, but closes its accounts only at year-end. The company's year-end adjusted trial balance dated December 31, current year, is as follows: WILDERNESS GUIDE SERVICES, INCORPORATED Adjusted Trial Balance December 31, Current Year Cash $ 12,200 Accounts receivable 31,000 Camping supplies 7,900 Prepaid Insurance 2,400 Equipment 70,000 Accumulated depreciation: equipment $ 60,000 Notes payable (due 4/1/next year) 18,000 Accounts payable 9,500 Capital stock 25,000 Retained earnings 15,000 Dividends 1,000 Guide revenue earned 102,000 Salary expense 87,500 Camping supply expense 1,200 Insurance expense 9,600 Depreciation expense: equipment 5,000 Interest expense 1,700 $ 229,500 $ 229,500 Prepare all necessary closing entries at December 31, current year. Prepare an after-closing trial balance dated December 31, current year