(55 points) Exercise 1. Georgina Company shows the following balances in selected accounts of its adjusted trial balance as of December 31,2019. Supplies Supplies Expense Accounts Receivable Dividends 45,000 5,500 12,000 15,000 Service revenue Salaries and Wages expense Utilities expense Rent expense 125,000 30,000 10,000 18,000 Instructions: Prepare the closing entries at December 31, 2019. Exercise 2. Short answer questions (30 points) 1. What is the purpose of post-closing trial balance? (15 points) 2. List two permenant accounts and two temportary accounts. (15 points) Temporary accounts: 1) 2) Permenant accounts 1) 2)