Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Tippy Corporation is provided below. LO3 Debit Credit Accounts Receivable $ 72,600 Dividends 26,300 Depreciation Expense 13,200 Equipment 212,800 Salaries and Wages Expense 91,100 Accounts Payable $ 53,000 Accumulated Depreciation—Equipment 114,800 Unearned Rent Revenue 22,900 Service Revenue 183,800 Rent Revenue 6,200 Rent Expense 3,600 Retained Earnings 61,800 Supplies Expense 1,400 Instructions

(a) Prepare closing entries

(b) Determine the post-closing balance in Retained Earnings.