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

Using the adjusted account balances listed below, complete the following for D- 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 Eamings 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) D2 Services account balances (taken from the Adjusted Tral Balance) as of 12/31/2020 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Revenue Depreciation Expense-Equipment Equipment Retained Earings 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