Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31,2023 : The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2023, the company's year-end. 1. 2. Calculate the post-closing balance in Retained Earnings at December 31,2023 . (Amounts to be deducted should be indicated by a minus sign.)