The following adjusted trial balance contains the accounts and year$-$end balances of Cruz Company as of December $31.$

No$.$ Account Title Debit Credit

$101$ Cash $ $18,000$

$126$ Supplies $8,300$

$128$ Prepaid insurance $2,000$

$167$ Equipment $23,000$

$168$ Accumulated depreciation$$Equipment $ $6,500$

$307$ Common stock $3,164$

$318$ Retained earnings $39,600$

$319$ Dividends $6,000$

$404$ Services revenue $36,500$

$612$ Depreciation expense$$Equipment $2,000$

$622$ Salaries expense $21,280$

$637$ Insurance expense $1,533$

$640$ Rent expense $2,446$

$652$ Supplies expense $1,205$

Totals $ $85,764$ $ $85,764$

$1.$ Prepare the December $31,$ closing entries for Cruz Company. Assume the account number for Income Summary is $901.$

$2.$ Prepare the December $31,$ post$-$closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $$39,600$ on December $31$ of the prior year.