On December 31, 2016, Ditka Inc. had Retained Earnings 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 used supplies in the amount of $97,400, advertising expenses were $18,300 salaries and wages 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/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the entry for closing revenue and expense account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal b. Prepare T-account for the Retained Earnings account. Retained Earnings Beg. Bal End. Bal