On December 31, 2016, Ditka Inc. had Retained Eamings of $286,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $187,100 and interest revenue of $90,800. The company recorded supplies expense in the amount of $97,400, advertising expenses were $18,300, salaries and wages expense totaled $21,150, and income tax expense was calculated as $17,500. During the year, the company declared and paid dividends of $7,900. Required: a. Prepare the closing entries dated December 31, 2016. (If no entry is required for a transaction/levent, select "No Jour Required" in the first account fleld.) Journal entry worksheet 2 Record the entry for closing revenue and expense account. Note: Enter debits before credits Transaction General Journal DebitCredit Record entry Clear entry View general journal 2 1