The adjusted trial balance of Ward Company at the end of the accounting year, December 31,202, showed the following: \begin{tabular}{l|r|r|} \hline \multicolumn{3}{l}{ Adjusted Trial Balance } \\ & \multicolumn{1}{l}{ Debits } & \multicolumn{1}{l}{ Credits } \\ \hline Account Titles & $20,000 & \\ \hline Cash & 90,000 & \\ \hline Machinery & & 16,000 \\ \hline Accumulated Depreciation & & 7,000 \\ \hline Trade Payables & & 20,000 \\ \hline Share Capital & & 59,000 \\ \hline Retained Earnings & & 40,000 \\ \hline Service Revenue & 4,000 & \\ \hline Interest Expense & 17,000 & \\ \hline Operating Expenses & 8,000 & \\ \hline Depreciation Expense & 3,000 & \\ \hline Dividends declared and paid & $142,000 & $142,000 \\ \hline Totals & & \\ \hline \end{tabular} 1) Give all the required closing entries for Ward Company at December 31, 20X2. (You need not use the Income Summary account). 2) The 202 ending balance in retained earnings was \$ Required 2) The 202 ending balanc ein retained earnings would be how much