Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31 Credit Debit $ 11,700 37,500 28,500 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 2,700 27,000 38,500 8,700 3,700 54,300 19,700 12,700 9,700 7,700 $131,200 $131,200 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 EX: 1 Record the entry to close the revenue accounts. 2 Record the entry to close the expense accounts. Record the entry to close the dividends account. Retained earnings 3. Prepare a post-closing trial balance LAKER INCORPORATED Post-Closing Trial Balance December 31, 2021 Accounts Debit Credit Totals