Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounts Cash Debit $ 10,300 Credit Supplies 30,500 Prepaid Rent Accounts Payable Notes Payable Common Stock 21,500 $ 1,300 13,000 31,500 Retained 7,300 Earnings Dividends 2,300 Service Revenue 55,700 Salaries 18,300 Expense Advertising 11,300 Expense Rent Expense 8,300 Utilities 6,300 Expense Totals $108,800 $108,800 Required: 1. 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.) View transaction list Journal entry worksheet 1 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry View general journal Clear entry 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry View general journal CE Clear entry 2. Calculate the ending balance of Retained Earnings. Retained earnings 3. Prepare a post-closing trial balance LAKER INCORPORATED Post-Closing Trial Balance December 31, 2021 Totals Accounts Debit Credit