On December $31,2022,$ Ditka Incorporated had Retained Earnings of $$268,800$ before its

closing entries were prepared and posted. During $2022,$ the company had service revenue of

$$169,100$ and interest revenue of $$81,800.$ The company used supplies in the amount of

$$88,400,$ advertising expenses were $$16,500,$ salaries and wages totaled $$18,450,$ and income

tax expense was calculated as $$13,900.$ During the year, the company declared and paid

dividends of $$6,100.$

Required:

a$.$ Prepare the closing entries dated December $31,2022.$

b$.$ Enter the beginning balance into the following T$-$account for Retained Earnings and post the

closing entries.

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