No. The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Account Title Debit Credit 101 Cash $18,000 126 Supplies 13,100 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 13, 110 318 Retained earnings 33,600 319 Dividends 6,000 404 Services revenue 39,600 612 Depreciation expense-Equipment 2,000 622 Salaries expense 23,087 637 Insurance expense 1,663 640 Rent expense 2,653 652 Supplies expense 1,307 Totals $92,810 $92,810 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $33,60 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list View journal entry worksheet Dobit Credit No Date General Journal