Seminoles Corporation's fiscal year-end is December 31, 2015. The following is a partial adjusted trial balance as of December 31.

Accounts: Debit Credit

Retained Earnings: $30,000

Dividends: $3,000

Service Revenue: 50,000

Interest Revenue: 6,000

Salaries Expense: 15,000

Rent Expense: 3,000

Advertising Expense: 6,000

Depreciation Expense: 11,000

Interest Expense: 5,000

Prepare the necessary closing entries.

Calculate the ending balance of Retained Earnings.