Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their first year of operations, Rae Services account balances are shown in the adjusted trial balance shown below: Rae Services, Inc. Adjusted Trial Balance December 31, 2012 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation--Equipment Accounts payable Common stock Retained earnings Dividends Service revenue Advertising expense Depreciation expense--Equipment Insurance expense Rent expense Salaries expense Supplies expense Utilities expense 176,000 140,500 4,650 2.400 85,500 3,500 68,000 255,000 130,000 67,000 206,475 2,525 3,500 1,400 9,600 165,000 1,460 3,390 662,975 662,975 a) Prepare closing entries. a) Prepare closing entries. Date Description Debit Credit b) Prepare a post-closing Trial Balance b) Prepare a post-closing Trial Balance Rae Services, Inc. Post-closing Trial Balance December 31, 2012 Accounts Deblts Credits Total c) Prepare an Income Statement Rae Services, Inc. Income Statement December 31, 2012 d) Prepare a Balance Sheet Rae Services, Inc. Balance Sheet December 31, 2012 e) Prepare a Statement of Retained Earnings Rae Services, Inc. Statement of Retained Earnings December 31, 2012 Submit All Parts