Exercise 3-17 (Algo) Record closing entries (LO3-6) Brea Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounta Retained Earnings Debit Credit $15,000 Dividends $1,500 Service Revenue Interest Revenue 35,000 4,500) Salaries Expense 13,500 Rent Expense 4,500 Advertising Expense 1,500 Insurance Expense 9.500 Interest Expense 3.500 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 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.) View transaction list Journal entry worksheet 1 2 3