Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends $ 26,660 40,100 11,090 22,180 9,300 20,500 Common Shares 121,000 Equipment 79,300 Income Tax Expense. 41,500 Land 126,600 ant Notes Payable, due in 2026 34,500 Operating Expenses 110,100 Preferred Shares 40,100 ences Retained Earnings Revenue Warehouse 28,620 281,050 137,800 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 2. Calculate the post-closing balance in Retained Earnings at December 31, 2023 (Amounts to be deducted should be indicated by a minus sign.) Post-Closing Balance in Retained Earnings: Retained earnings, December 31, 2022 Retained earnings, December 31, 2023 I