Grand Rapids Consulting Inc. began 2019 with a retained earnings balance of $30,000 and has the following accounts and balances at year end: Sales Revenue Salaries Expense Rent Expense Utilities Expense $163,520 91,660 10,350 8,415 Supplies Expense 4,348 Income Taxes Expense 13,800 Dividends (declared and paid) 8,400 Prepare the closing entries made by Grand Rapids Consulting at the end of 2019. If an amount box does not require an entry, leave it blank. Dec. 31 Dec. 31 (Close revenue accounts) Dec. 31 (Close expense accounts) Dec. 31 (Close Income Summary) (Close Dividends account) 00000 000000 0 2. Prepare Grand Rapids Consulting's retained earnings statement for 2019. Grand Rapids Consulting Inc. Retained Earnings Statement For the Year Ended December 31, 2019 10000