Laker Incorporated's fiscal year-end Is December 31, 2021. The following is an adjusted trial balance as of December 31. Credit Debit $ 10,200 30,000 21,000 $ 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 1,200 12,000 31,000 7,200 2,200 55,800 18,200 11,200 8,200 6,200 $107,200 $107,200 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 T ERE ARTERIELLA Record entry Clear entry View general Journal 3. Prepare a post-closing trial balance LAKER INCORPORATED Post-Closing Trial Balance December 31, 2021 Accounts Debit Credit 1 1 1 Totals 2. Calculate the ending balance of Retained Earnings. Retained earnings Retained earnings