Exercise 4-20 Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Marigold Corp. is provided below. Credit Debit $87,120 31,560 15,840 255,360 109,320 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $63,600 137,760 27,480 220,560 7,440 4,320 74,160 1,680 Your answer is partially correct. Try again. Prepare closing entries. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue Rent Revenue 7440 Income Summary 228000 (To close revenue account) Dec. 31 Depreciation Expense 15840 Salaries and Wages Expense 109320 Rent Expense 4320 TSupplies Expense 1680 Income Summary 131160 (To close expense accounts) Dec. 31 Income Summary Retained Earnings 74160 74960 (To close net income to retained earnings) ID II Dec. 31 Dividends 2 Retained Earnings 31560 (To close dividends to retained earnings) Your answer is partially correct. 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 TDec. 31 74160 AL 74160 31560