1. Hologen Products Company began business on January 1, 2022. During January, the following transactions occurred: Jan. 1 Issued 1,000 share of $20 par value common stock in exchange for $100,000 cash. 2 Purchased inventory on account for $35,000 terms 2/15 net 30 (the perpetual inventory system is used) 4 Paid an insurance company $2,400 for a one-year insurance policy 10 Sold merchandise on account for $12,000. The cost of the merchandise was $7,000 15 Borrowed $30,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months. 20 Paid employees $6,000 wages for the first half of the month 22 Sold merchandise for $10,000 cash. The cost of the merchandise was $6,000 24 Paid $15,000 to suppliers for the merchandise purchased on January 2 26 Collected $6,000 on account from customers 28 Paid $1,000 to the local utility company for January gas and electricity 30 Paid $12,000 rent for the building for a 12 month lease that began January 1 . REQUIRED 1. Prepare statement of retained earnings 2. Prepare closing entries 3. Prepare a post-closing trial balance