need help with closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.)

Marigold Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account Dr. Account Titles Cr. Dr. No. Cr. 101 Cash 8,700 112 Accounts Receivable 10,900 130 Prepaid Insurance 2.900 157 23,700 158 4,700 201 Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock 8,900 212 2,300 311 20,000 320 Retained Earnings 9,000 332 Dividends 21,700 400 60,500 622 1,600 711 2,900 Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense 722 1,800 726 29,700 732 1,500 Totals 37,500 60,500 67,900 44,900 Net Income 23,000 23,000 Totals 60,500 60,500 67.900 67.900 Your answer is correct. Prepare a retained earnings statement. (List items that increase retained earnings first.) Marigold Company Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 $ 9000 Add Net Income (Loss) 23000 32000 Less Dividends 21700 i Retained Earnings, December 31 $ $ 10300 e Textbook and Media List of Accounts Attempts: unlimited (23) Your answer is correct. Prepare a classified balance sheet. (List Current Assets in order of liquidity.) Marigold Company Balance Sheet December 31, 2022 Assets Current Assets Cash 8700 Accounts Receivable 10900 Prepaid Insurance 2900 Total Current Assets $ Property, Plant and Equipment Equipment 23700 Less Accumulated Depreciation-Equipment 4700 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 8900 Salaries and Wages Payable 2300 Total Current Liabilities Stockholders' Equity Common Stock 20000 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 60500 Income Summary 60500 (To close revenue account.) Dec. 31 Income Summary 37500 Maintenance and Repairs Expense 1600 Depreciation Expense 2900 Insurance Expense 1800 Salaries and Wages Expense 29700 Utilities Expense 1500 (To close expense accounts.) Dec. 31 Income Summary 23000 Retained Earnings 23000 (To close net income / (loss).) Dec. 31 Retained Earnings 21700 Dividends 21700 (To close dividends.) Retained Earnings No. 320 12/31 Bal. 900 12/31 10300 10! II. Dividends No. 332 12/31 Bal. Income Summary No. 350 12/31 12/31 Bal. Service Revenue No. 400 12/31 12/31 Bal. Maintenance and Repairs Expense No. 622 Depreciation Expense Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 I. Salaries and Wages Expense No. 726 Utilities Expense No. 732