The financial statement columns of the worksheet for Booer Company as of December 31 , 2021 are as follows: BOOER COMPANY Worksheet For the Year Ended December 31, 2021 Income Statement Balance Sheet Accounts Debit Credit Debit Credit Cash 8,000 Accounts Receivable 26,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment 4,800 Patents 7,500 Accounts Payable 22,200 Notes Payable (due 2024) 20,000 Common Stock 30,000 Retained Earnings 13,300 Accounts Payabie 22,200 Notes Payable (due 2024) 20,000 Time left 1:50:17 Common Stock 30,000 Retained Earnings 13,300 Dividends Service Revenue Salaries and Wages Expense Depreciation Expense Insurance Expense Interest Expense Totals 18,50026,40098,200 90,300 Net Income 7,900 98.200 26,40026,40098,200 Prepare closing entries and retained earnings statement