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 $10,900 33,500 Prepaid Rent 24,500 Accounts Payable $1,900 Notes Payable 19,000 Common Stock 34,500 Retained Earnings 7,900 Dividends 2,900 Service Revenue 55,100 Salaries Expense 18,900 Advertising Expense 11,900 Rent Expense 8,900 Utilities Expense ces 6,900 $118,400 $118,400 Totals Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Prey 7 of 8 Next > C