Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash Supplies $10,400 31,000 Prepaid Rent 22,000 Accounts Payable $1,400 Notes Payable 14,000 Common Stock 32,000 Retained Earnings 7,400 Dividends 2,400 Service Revenue 55,600 Salaries Expense 18,400 Advertising Expense 11,400 Rent Expense 8,400 Utilities Expense 6,400 $110,400 $110,400 Totals Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Required 1 Required 2 Required 3 View transaction list 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 Required 1 Required 2 Required 3 Calculate the ending balance of Retained Earnings. Retained earnings Required 1 Required 2 Required 3 Prepare a post-closing trial balance. LAKER INCORPORATED Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $ 0