Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 319 Dividends 403 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals Debit $ 18,000 Credit 14,100 2,000 23,000 $ 6,500 11,007 38,600 6,000 32,700 2,000 19,064 1,373 2,191 1,079 $ 88,807 $ 88,807 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $38,600 on December 31 of the prior year. Answer is not complete. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $38,600 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance Cash Supplies Prepaid insurance December 31 Debit Credit $ 18,000 14,100 2,000 Required 1 Required 2 Prepare the December 31 closing entries. The account number for Income Summary is 901. No Date General Journal 1 December 31 Services revenue Income summary 2 December 31 Income summary Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense 3 December 31 Income summary Retained earnings 4 December 31 Retained earnings Dividends Debit Credit 32,700 32,700 23,707 2,000 19,064 1,373 2,191 1,079 8,993 8,993 6,000 6,000