Question 2: (16 marks) Below is an adjusted trial balance from Husky Iron Works located in Huntsville, Ontario. Husky Iron Works Trial Balance December 31, 2016 Debit Credit Cash $6.200 Accounts receivable 57,000 Inventory 354,800 Prepaid rent 28,000 Equipment 108,000 Accumulated amortization equipment $48.2001 Accounts payable 43,200 Salary payable 5,000 Interest payable 1.2001 Note payable, long-term 87,000 J. Marvin, capital 270,000 J. Marvin, withdrawals 153,000 Sales revenue 766,200 Cost of goods sold 328,000 Salary expense 123,600 Rent expense 44,000 Amortization expense equipment 5,000 Insurance expense 13,200 Total $1,220,800$1,220,800 Required: Prepare closing entries for Husky Iron Works using this adjusted trial balance. (20 Marks)