Prepare closing entries from the following end-of-period spreadsheet. 
Definitions:
Economic Cost
The total cost of choosing one action over another, including both explicit costs (direct payments) and implicit costs (opportunity costs).
Uninsurable Risks
Risks that are too unpredictable or certain to occur, making it impossible for insurance companies to accurately price or offer coverage.
Nominal Rate of Interest
The rate of interest before adjustments for inflation, reflecting the market rate at which money can be borrowed.
Inflation Rate
The percentage increase in the price level of goods and services in an economy over a period of time, usually a year.
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