Fick Psychological Services, Inc., closes its temporary accounts once each year on December 31. The company recently issued the following income statement es part of its annual report. Counseling revenue Expe Advertising expense LOGICAL SERVICES, INC. toee Statement December 31, erent year $2,400 Salaries expense 53,000 office supplies expense 2,700 utilities expense 850 Malpractice Insurance expense 3,000 office rest expense 23,000 Continuing education expense 2,se Depreciation expense: fixtures Miscellaneous expense 4,500 Income taxes expense 7,000 34,500 178,800 Net income $ 41,200 Fick's statement of retained eamings indicates that a $6,000 cash dividend was declared and paid during the current year a. Prepare the necessary closing entries on December 31 of the current year. b. If Fick's Retained eamings account had a $94,000 balance on at the beginning of the current year, at what amount should Retained Eemings be reported in the firm's year-end balance sheet dated December 31 Complete this question by entering your answers in the tabs below. Required A Required B Prepare the necessary dosing entries on December 31 of the current year ( no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View action Journal entry worksheet 1 Record the entry to close the revenue account. St Inter dets before creat Transaction General Joumal Debit Cr Record unity Clear entry Vow general journal Required >>