Preparing Closing Entries The following adjusted trial balance is for Wilson Company at December 31,2015 P3-45. 05 Debit Credit Cash. Accounts receivable.. $ 8,500 8,000 3,600 72,000 Equipment . Accumulated depreciation.. Accounts payable. .. . 12,000 600 25,000 19,100 97,200 4,200 Retained earnings . . .. Miscellaneous income . Salaries expense Rent expense. Insurance expense. Depreciation expense.. . 42,800 .13,400 1,800 8,000 8,800 Income tax payable . 8,800 $166,900 $166,900 REQUIRED a. Prepare closing entries in journal entry form. b. After the firm's closing entries are posted, what is the post-closing balance for the Retained Earnings account? c. Prepare its post-closing trial balance