Laker Incorporated's fiscal year-end is December 31, 2018 The following is an adjusted trial balance as of December 31 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense 11,500 36,500 27,500 $ 2,500 25,000 37,500 8,500 3,500 54,500 19,500 12,500 9,500 7,500 Advertising Expense Rent Expense Utilities Expense Totals 128,000$ 128,000 Required 1. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the tr view transaction list view general journal Journal Entry Worksheet