Following are the financial statements for Courtland Corp. at February 28, 2023. Use this information to prepare the closing entries and to calculate the post-closing balance in the Retained earnings account. Use the numbers below as the description for the corresponding closing entry.

1. Close all temporary credit balance accounts to the income summary account.
2. Close all temporary debit balance accounts to the income summary account.
3. Close the income summary (net income) to retained earnings.
4. Close the income summary (net loss) to retained earnings.
5. Close dividends to retained earnings.

Enter the dates in the format dd/mmm (ie. 15/Jan).

Post-closing balance in Retained earnings =