Hello need some help with this problem for my friend. I hope you can help thanks!

Instruction: Kindly answer the requirements given.

Please include all solutions , including T-accounts, separate solution for each requirement CMT Marketing Requirements: Adjusted Trial Balance 1. Closing Entries December 31, 2020 2. Post Closing Trial Balance 3. Income Statement follow the guide in completing the statement Separate computation each a. Net Sales Debit Credit b. Net Purchases Cash 4,500,000 C. Total Goods Available for sale Accounts Receivable 1,100,000 d. Cost of Goods sold Allowance for Doubtful Accounts 80,000 e. Gross profit Notes Receivable 700,000 f. Net Profit Interest Receivable 5,000 Merchandise Inventory ,200,000 Prepaid Rent 80,000 Office Equipment 1,800,000 Accumulated Depreciation- Office Equipment 900,000 Accounts Payable 650,000 Good Luck Commission Payable 50,000 Interest Payable 3,000 Income Tax Payable 300,000 Loan Payable 100,000 Mortgage Payable 900,000 Chen, Capital 3,840,000 Chen, Drawing 300,000 Sales 9,000,000 Sales Discount 200,000 Sales Retums and Allowances 150,000 Purchases 3,200,000 Purchase Discount 110,000 Purchase Returns & Allowances 180,000 Commission Income 70,000 Interest Income 10,000 Advertising & Promotion Expense 8,000 Commission Expense 55,000 Depreciation Expense-Office Equipment 180,000 Doubtful Accounts Expense 20,000 Freight in 90,000 Freight out 45,000 Fuel & Oil Expense 120,000 Income Tax Expense 500,000 Interest Expense 15,000 Miscellaneous Expense 25,000 Pag-ibig, Philhealth, SSS Contributions Expense 200,000 Rent Expense 200,000 Salary Expense-Office 1,500,000 Total 16, 193,000 16, 193,000 Based on the Physical count conducted at the end of the year, the amount of ending inventory is P1,500,000 Prepare the necessary closing entries and the Post-closing trial balance