Brea Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $18,000 Dividends $1,800 Service Revenue Interest Revenue 38,000 4,800 Salaries Expense 13,800 Rent Expense 4,800 Advertising Expense 1,800 Insurance Expense 9,800 Interest Expense 3,800 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Answer is not complete. 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.) No 1 Date December 31, 202 Retained Earnings Dividends General Journal Debit Credit 18,000 8,800