Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounta Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Debit $ 10,000 29,000 Credit 20,000 $ 1,000 10,000 30,000 7,000 2,000 Service Revenue 56,000 Salaries Expense 18,000 Advertising Expense 11,000 Rent Expense 8,000 Utilities Expense Totals 6,000 $104,000 $104,000 503 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 let worksheet. Check my w