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. Cash Account Titles Accounts Receivable Prepaid Insurance Office Supplies Share Capital Dividend Retained Earnings Service Revenue Insurance Expenses Office Supplies Expenses Rent Expense Telephone Expense Totals 2,350 Part 1 Trial Balance Dr. 8,750.00 2,500.00 2,400.00 1,200.00 4,500.00 600.00 450.00 5.000.00 600.00 26,000.00 Cr. 3,000.00 8,000,00 15,000.00 26,000.00