The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. 101 Cash Account Title Debit Credit $18,000 126 Supplies 11,200 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 5,650 318 Retained earnings 39,600 319 Dividends 6,000 404 Services revenue 38,000 612 Depreciation expense-Equipment 2,000 622 Salaries expense 22,154 637 Insurance expense 1,596 640 Rent expense 2,546 652 Supplies expense Totals 1,254 $89,750 $89,750 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.