P4-1A . Use the Gay Gillen Travel trial balance to journlize Gillen's closing entries at year end 2. Set up a T-account for Retained Earnings and post the closing entries to that account 3. What is the ending balance of Retained Earnings? 4. Prepare the income statment for the year 5. Prepare the statement of Retained Earnings for the year 6. Prepare a Classified Balance Sheet at year end The trial balance of Gay Gillen Travel, Inc., at year end prior to closes is below in alphabetical order. Debit Account Accounts payable Accounts receivable Accumulated depreciation furniture Advertising expense Cash Commission revenue Common Stock Current portion of note payable Depreciation expense Dividends Furniture Insurance expense Note payable, long-term Note receivable, long-term Other assets, Long Term Prepaid expense Retained earnings December 31, 2012 Salary expense Salary payable Supplies expense Unearned commission revenue Totals Credit 5,100 6.600 11,600 2.200 7.300 93,500 15,000 2,200 1.300 47.400 41,400 800 10,600 4,000 3,600 7.700 5,300 3,900 400 24.600 .700 152.600 152,600