Exercise 2-8A (Algo) Closing entries LO 2-4 Love Company's accounting records show an after-closing balance of $21,000 in its Retained Earnings account on December 31, Year 2. During the Year 2 accounting cycle, Love earned $18,300 of revenue, Incurred $10,800 of expense, and paid $3,100 of dividends Revenues and expenses were recognized evenly throughout the accounting period. Required a. Determine the balance in the Retained Earnings account as of January 1. Year 3 b. Determine the balance in the temporary accounts as of January 1, Year 2. c. Determine the after-closing balance in the Retained Earnings account as of December 31, Year 1 d. Determine the balance in the Retained Earnings account as of June 30, Year 2 a Balance in the retained earnings, January 1, Year 3 b. Balance in the temporary accounts, January 1, Year 2 c d Closing retained earnings, December 31, Year 1 Balance in the retained earnings, June 30, Year 2