18. Randy's Services provides general home repairs to customers. The company's fiscal year-end is December 31. The December 31, 2021, adjusted trial balance appears below. Adjusted Trial Balance Account Title Debit Credit Cash $18,100 Accounts Receivable 16,200 Supplies 3,000 Prepaid Insurance 3,750 Equipment 95,000 Accumulated Depreciation $40,800 Accounts Payable 10,500 Salaries Payable 4,200 Salaries Payable 4,200 Utilities Payable 1,900 Interest Payable 2,000 Notes Payable 40,000 Common Stock 24,000 Retained Earnings 10,500 Dividends 2,500 Service Revenue 224,900 Salaries Expense 162,700 Depreciation Expense 13,600 Insurance Expense 11,250 Supplies Expense 17,400 LEHDI12.200 Salaries Expense 162,700 Depreciation Expense 13,600 Insurance Expense 11,250 Form Supplies Expense 17,400 Utilities Expense 13,300 Interest Expense Total $358,800 $358,800 $358,800 $358 Required: Complete the following steps: 1. Record closing entries. 2. Calculate account balances of retained earnings after closing entries are made