Irvine Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $24,000 Dividends $2,400 Service Revenue Interest Revenue 44,000 5,400 Salaries Expense 14,400 Rent Expense 5,400 Advertising Expense 2,400 Insurance Expense 10,400 Interest Expense 4,400 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal 1 December 31, 202 Service Revenue Interest Revenue 00 Debit Credit 44,000 5,400 < Prey 13 of 13 Next >