PLEASE CAN YOCLEARLYU SHOW THIS PROBLEM STEP BY STEP AND VERY WRITTEN. PLEASE SHOW THE WHOLE PROCESS WITH EXPLAINATION VERY CLEARLY WRITTEN PLEASE.

CAN YOU HELP ME WITH QUESTION (C)

Using the adjusted account balances listed below, complete the following for D2 Services: a. Closing entries b. Calculate Net Income (There's no need to prepare an Income Statement, but show your work & use labels) c. Update the Retained Earnings balance to reflect the closing entries (There's no need to prepare a Statement of Retained Earnings, but show your work & use labels) d. Prepare a Balance Sheet that groups (classifies) accounts by category (Include heading) DP Services' account balances (taken from the Adjusted Trial Balance) as of 12/31/2020: Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Revenue Depreciation Expense-Equipment Equipment Retained Earnings Dividends Land Miscellaneous Expense Salaries Expense Utilities Expense Common Stock 3.000 10.000 3,500 14,700 36.000 1,000 17,000 39,000 5,000 23,000 3,000 9.000 4,800 6,000