The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. 101 Cash 126 Supplies Account Title Debit Credit $18,000 13,200 128 Prepaid insurance 2,000 167 Equipment 23, 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 318 Retained earnings 15,750 32,600 319 Dividends 6,000 404 Services revenue 34,000 612 Depreciation expense-Equipment 2,000 622 Salaries expense 19,822 637 Insurance expense 1,428 640 Rent expense 2,278 652 Supplies expense Totals 1,122 $88,850 $88,850 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 $32.600 on December 31 of the prior year.