Calculate the ending balance of Retained Earnings. Exercise 3-18 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Required: 1. Prepare the necessary closing entries: 2. Calculate the ending balance of Retained Farnings. 3. Prepare a post-closing trial balance Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Prebare a nost-closinn trial halanre Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits