On December 31 2016, Ditka Inc. had Retained Eamings of $274,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $175,100 and interest revenue of $84,800. The company used supplies in the amount of $91,400, advertising expenses were $17,100, salaries and wages totaled $19.350, and income tax expense was calculated as $15,100. During the year the company declared and paid dividends of $8,700 Required: a. Prepare the closing entries dated December 31, 2016. (If no entry is required for a transactionievent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debits before credits ransaction General Journal Record entry Clear entry View general journal b. Prepare T-account for the Retained Earnings account. Retained Earnings Beg. Bal End. Bal