3.10

part 2 plz

Preparation of Closing Entries On January 1, Grand Rapids Consulting inc, had a retained eamings balance of $32,700 and reported the following aceounts and balances at year end: 1. Prepare the closing entries made by Grand Rapids Consulting ot December 31 . If an amount box does not require an entry, leave it blank. 2. Prepare Grand Rapids Consulting's retained earnings statement. If an amount is zero, enter " 0