25. The adjusted trial balance of Carr Company at the end of the accounting year, December 31, 2016, showed the following: Account Titles Adjusted Trial Balance Debits Credits $20,000 90.000 $16,000 7,000 20,000 Cash Machinery Accumulated depreciation Accounts payable Capital stock Retained earnings Service revenue Interest expense Operating expenses Depreciation expense 59,000 40,000 4,000 17.000 11.000 $142.000 Total $142.000 Required: A. Prepare all the required closing entries for Carr Company at December 31, 2016. B. Calculate the 2016 ending balance in retained earnings