The adjusted trial balance of Ward Company at the end of the accounting year, December 31, 2020, showed the following: In proper journal entry format, fill in grey cells. Show calculations off to this side. Adjusted Trial Balance Date Account Titles Debit Credit Account Titles Debits Credits A. Cash $20,000 Machinery 90,000 B. Accumulated Depreciation 16.000 Trade Payables 7,000 Share Capital 20,000 C. Retained Earnings 59.000 Service Revenue 40.000 Interest Expense 4.000 Operating Expenses 17.000 Depreciation Expense 8,000 Dividends declared and paid 3,000 Totals $142,000 $142,000 1) Give all the required closing entries for Ward Company at December 31. 2020. (You need not use the Income Summary account).The adjusted trial balance of Ward Company at the end of the accounting year, December 31, 2020, showed the following: _ - - l-_ I- _ Required: 1) Give all the required closing entries for Ward Company at December 31, 2020. (You need not use the Income Summary account). Assignment #1 Q8 Ward Company Paste the link to your worksheet in the space provided below. 2) Also the answer space below to show what the 2020 ending balance in retained earnings was :5 . Include your calculations