Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2015, is:

Solomon Corporation Adjusted Trial Balance December 31, 2015
	Debit	Credit
Cash	$9,680
Accounts Receivable	15,730
Equipment	188,760
Accumulated Depreciation		$33,880
Notes Payable		24,200
Common Stock		104,060
Retained Earnings		30,492
Service Fees Revenue		171,820
Rent Expense	43,560
Salaries Expense	89,782
Depreciation Expense	16,940
Totals	$364,452	$364,452

(a) Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $19,360 and there were no stock issuances or repurchases. (b) Prepare entries to close its temporary accounts in journal entry form. (c) Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, what is the post-closing balance of the Retained Earnings account?