Problem 1. Closing Entries (16 points) from the adjusted trial balance for Fabricated necessary closing entries. Fabricated Products Company given below, prepare the Fabricated Products Company Adjusted Trial Balance December 31, 2017 Credit Debit $19,400 25,000 26,000 1,900 84,000 $22.000 40,000 15,000 12,000 40,000 Cash Accounts receivable Merchandise inventory Office supplies Store equipment Accumulated depreciation-store equipment Office equipment 1 Accumulated depreciation office equipment Accounts payable Notes payable P. Card, Capital P. Card, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Depreciation expense-store equipment Depreciation expense-office equipment Office supplies expense Interest expense Totals 28,000 245,000 6,000 16.500 145.000 32.500 11,000 7,500 1.300 600 $444.700 $444,700 Date Account Titles and Explanation P.R. Debit Credit