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 126 Supplies 128 Prepaid insurance $18,000 14,100 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 318 Retained earnings 7,522 40,600 319 Dividends 6,000 404 Services revenue 38,100 612 Depreciation expense-Equipment 2,000 622 Salaries expense 22,212 637 Insurance expense 1,600 640 Rent expense 2,553 652 Supplies expense Totals 1,257 $92,722 $92,722 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Surfimary 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.