Based on the following Adjusted Trial Balance, prepare the closing entries, step 1, to close the revenue, step 2, to close the expenses and determine the amount in the income summary used to close the Income summary account to retained earning in step 3. Part 1 Account Titles Trial Balance Dr. Cr. Cash 8,750.00 Accounts Receivable 2,500.00 Prepaid Insurance 2,400.00 Office Supplies 1,200.00 Share Capital 3,000.00 Dividend 4,500.00 Retained Earnings 8,000.00 Service Revenue 15,000.00 Insurance Expenses 600.00 Office Supplies Expenses 450.00 Rent Expense 5,000.00 Telephone Expense 600.00 Totals 26,000.00 26,000.00