2 Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Cash Accounts Debit Credit 5 $11,000 points Supplies 34,000 Prepaid Rent 25,000 Accounts Payable $2,000 Notes Payable 20,000 Common Stock 35,000 Retained Earnings 8,000 Dividends 3,000 Service Revenue 55,000 Salaries Expense 18,000 Advertising Expense 1igee Rent Expense 9,000 Utilities Expense 7,000 Totals $120,000 $120,000 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings 3. Prepare a post-closing trial balance 2 1. Prepare the necessary closing entries 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Answer is not complete. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Calculate the ending balance of Retained Earshgs. Retained earnings Return to question 5 2 points LAKER INCORPORATED Post Closing Trial Balance Accounts December 31, 2024 Debit Credit Mc Totals 0