Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts Cash Debit $10,600 Credit Supplies 32,000 Prepaid Rent 23,000 Accounts Payable $1,600 Notes Payable 16,000 Common Stock 33,000 Retained Earnings 7,600 Dividends 2,600 Service Revenue 55,400 Salaries Expense 18,600 Advertising Expense 11,600 Rent Expense 8,600 Utilities Expense 6,600 Totals $113,600 $113,600 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Journal entry worksheet 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit View general journal Record entry Clear entry > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 3 > Prepare a post-closing trial balance. LAKER INCORPORATED Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $ 0 Required 2