(J&G) continued operating through 2021 and is now preparing for its accounting work for the annual fiscal period (January 1, 2021 - December 31, 2021). The adjusted trial balance for J&G at December 31, 2021 is presented below: Account Name Debits Credits Cash $89.000 Accounts receivable 10.000 Supplies 5.000 Prepaid expense 2,000 Equipment 250.000 Accumulated depreciation (equipment) $24.000 Accounts payable 4.000 Income tax payable 6,000 Deferred revenue 5.000 Notes payable long-term) 10,000 Contributed capital 11.000 Retained earnings (beginning - Jan 1) 40,000 Dividends declared 200.000 Revenue 900,000 Depreciation expense 44,000 Office expense 120.000 Supplies exspense 70,000 Wages expense Income tax expense 140.000 70.000 Totals S1.000.000 S1.000.000 Required: Prepare the statement of retained earnings for the year ended December 31, 2021 and prepare the two closing journal entries that would be recorded at the end of 2021