ABC Inc. adjusts its books each month but closes its books at the end of the year. The adjusted trial balance at December 31 is as fe ABC Inc. Adjusted Trial Balance December 31, 2009 Dr. Cr. Cash $61,840 Accounts Receivable $19,240 $6,240 $2,600 $51,600 $19,780 $13,000 $40,680 $29,280 Prepaid Insurance Supplies Equipment Accumulated Depreciation Unearned Revenue Notes Payable Capital Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Utilities Expense Rent Expense Total $30,200 $3,120 $33,640 $2,080 $15,600 $780 $2,600 $165,700 $165,700 Required: 1. Based on the above data, prepare all the necessary closing entries; 2. What is amount of Retained Earnings as of December 31, 2009. Show all supporting calculations