The completed financial statement columns of the spreadsheet for Flounder Company are as follows.

Flounder Company Worksheet For the Year Ended December 31, 2022
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						9,000
112		Accounts Receivable						11,000
130		Prepaid Insurance						2,900
157		Equipment						23,600
158		Accumulated DepreciationEquip.								4,400
201		Accounts Payable								8,900
212		Salaries and Wages Payable								2,200
311		Common Stock								19,400
320		Retained Earnings								7,900
332		Dividends						19,100
400		Service Revenue				60,200
622		Maintenance and Repairs Expense		1,500
711		Depreciation Expense		3,200
722		Insurance Expense		1,600
726		Salaries and Wages Expense		29,500
732		Utilities Expense		1,600
		Totals		37,400		60,200		65,600		42,800
		Net Income		22,800						22,800
		Totals		60,200		60,200		65,600		65,600

(c) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.