On December 31, 2016, Ditka Inc. had Retained Earnings of $275,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $176,100 and interest revenue of $85,300. The company used supplies in the amount of $91,900, advertising expenses were $17,200, salaries and wages totaled $19,500, and income tax expense was calculated as $15,300. During the year, the company declared and paid dividends of $6,800.

Record the entry for closing revenue and expense account.

Record the entry for closing revenue and expense account.Record the entry for closing dividend account.

b.	Prepare T-account for the Retained Earnings account.