A company's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Retained Earnings. Debit Credit $14,000 Dividends $1,400 Service Revenue Interest Revenue 34,000 4,400 Salaries Expense 13,400 Rent Expense. 4,400 Advertising Expense 1,400 Insurance Expense 9,400 Interest Expense 3,400 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2