E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: SOLOMON CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,000 6,500 78,000 Cash....................................................... Accounts receivable ........ Equipment ............................ Accumulated depreciation ........ Notes payable. ... Common stock. Retained earnings ....... Service fees revenue .... Rent expense .... Salaries expense ......... Depreciation expense. ...... Totals $ 14,000 10,000 43,000 12,600 71,000 18,000 37,100 7,000 $150,600 $150,600 a. b. C. Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,000 and there were no stock issuances or repurchases. Prepare entries to close its temporary accounts in journal entry form. Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, what is the post-closing balance of the Retained Earnings account