Exercise 4-20 Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Novak Corp. is provided below. Debit $63,890 23,140 11,620 187,260 80,170 Credit Accounts Recelvable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $46,640 101,020 20,150 161,740 5,460 -Equipment 3,170 54,380 1,230 Your answer is partially correct. Try again. Prepare closing entrles. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 161,740 Rent Revenue 5,460 Income Summary 167200 To close revenue account) Dec. 31 Income Summary 167200 Rent Expense 5,460 Supplies Expense Depreciation Expense Salaries and Wages Expense 1,230 11,620 80,170 To close expense accounts) Dec. 31 To close net income to retained earnings) Dec. 31 (To close net income to retained earnings) Dec. 31 To close dividends to retained earnings) Your answer is incorrect. Try again Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS