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 10, 200 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 625 318 Retained earnings 40,600 319 Dividends 6,000 404 Services revenue 49,000 612 Depreciation expense-Equipment 2,000 622 Salaries expense 28,567 637 Insurance expense 2,058 640 Rent expense 3,283 652 Supplies expense 1,617 Totals $96,725 396,725 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 $40,600 on December 31 of the prior year