The adjusted trial balance of Rapunzel Company at the end of the accounting year, December 31, 2023, showed the following: Accounts payable 7,000 Accounts receivable 10,000 Accumulatd depreciation (asset) 16,000 Capital stock (Equity) 20,000 Cash 20,000 Depreciation expense 11,000 Dividends (declared and paid) 5,000 Interest expense 4,000 Interest income 1,000 Machinery Operating expenses Retained earnings 80,000 18,000 64,000 9 Service revenue 40,000 0 1 A. Prepare all the required closing entries for Rapunzel Company at December 31, 2023 2 23 B. Calculate the 2023 ending balance in retained earnings. SHOW YOUR WORK 24 25 26