PART IV - COMPLETE THE FOLLOWING PROBLEM SET OUT IN FIVE PARTS, NUMBERED 16-20. You should show all of your work to receive full and/or partial credit (based upon the Professor's discretion). Stan Purple hires you to be his accountant for his SAT Preparatory business. His business prepares high school students to better perform on the SAT. At year end you find that the SAT Preparatory business has the following Adjusted Trial Balance: Credit Debit $11,000 $ 2,500 $10,000 $ 1,000 $ 2,500 Cash AR Loan Payable Stan Green Capital Withdrawals Service Revenue Wage Expense Rent Expense Office Supplies Expense Telephone Expense $14.000 $ 4,500 $ 2,600 $ 400 $ 1,500 $25,000 $25,000 16. Prepared the closing entry to close out the Revenue Account 17. Prepare the closing entry or entries to close out the Expense Accounts. 18. Prepare the closing entry to close out the Income Summary Account 19. Prepare the closing entry to close out the Withdrawals Account 20. Prepare the Statement of Owners Equity