Rodney RV Center's accounting records include the following accounts at December 31, 2018. (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for Rodney. 2. Determine the ending balance in the Retained Earnings account. Requirement 1. Journalize the required closing entries for Rodney. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Date Accounts and Explanation Debit Credit Dec. 31 Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Close Income Summary. Date Accounts and Explanation Debit Credit Dec. 31 Close Dividends. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Determine the ending balance in the Retained Earnings account. The ending balance in the Retained Earnings account at December 31, 2018 is $ Date Accounts and Explanation Debit Dec. 31 Debit Accounts Payable Accumulated DepreciationBuilding Building Cash Close expenses Common Stock Cost of Goods Sold Date Depreciation ExpenseBuilding Dec. 31 Dividends Income Summary Interest Revenue Merchandise Inventory Notes Receivable Rent Expense Retained Earnings Sales Revenue Close Income Summary. Cost of Goods Sold $ 41,000 Accounts Payable 52,000 $ 369,000 Accumulated DepreciationBuilding 20,000 Cash 31,000 Sales Revenue 111,000 Depreciation Expense-Building 112,000 Dividends Rent Expense Building 680,000 9,000 Common Stock 57,000 49,900 Interest Revenue 4,500 Retained Earnings Merchandise Inventory 250,400 Notes Receivable 28,000 enses To close dividends. e DO To close expenses. To close Income Summary. To close revenue accounts