Question 3 (12 points) At December 31, 2018, Tidal Wholesale Ltd.'s year-end adjusted trial balance was as follows: Debit Credit Cash............ 19,000 Accounts receivable........ 465,000 Inventory..... 730,000 Prepaid insurance. 2,000 Equipment.... 510,000 Accumulated depreciation, equipment...... 228,000 Accounts payable........... ******** 115,000 Unearned revenue. 18,000 Loan payable.... 410,000 Common shares........... 210,000 Retained earnings (beginning of year)......... 440,000 Dividends declared............... 25,000 Sales revenue.... 3,650,000 Consulting revenue. 950,000 Cost of goods sold............... 2,190,000 Depreciation expense.......... 76,000 Wage expense.... 1,820,000 Operating expenses. 184.000 Totals $6,021,000$6.021,000 Required: a) Prepare the necessary closing entry/entries for Tidal Wholesale Ltd. b) Calculate the ending retained earnings balance for the company