Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31, Credit Debit $ 10,500 31,500 22, See 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 $ 1,500 15,000 32,500 7.500 2,500 $5,500 18,500 11,500 8,500 5,500 $112,000 5112,000 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 2 3 Record the entry to close the revenue accounts N 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal