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- Presented below is an adjusted trial balance for Shane Company, at December 31, 2021. . Cash $8,700 Accounts payable $10,000 Accounts receivable 21,000 Notes payable 9,200 Prepaid insurance 15,000 Accumulated depreciation Equipment 35,000 Equipment 15,000 Depreciation expense 8,000 Service revenue 31,000 Dividends 2,000 Common stock 10,000 Advertising expense 1,400 Retained earnings 14,500 1,000 Unearned service revenue 16,000 Salaries and wages 12,000 expense Insurance expense 1,600 $105.700 $105.700 Rent expense Instructions Prepare closing entries for December 31, 2021. (Worth 5 points)