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 13,500 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciationEquipment $ 6,500 307 Common stock 11,300 318 Retained earnings 34,600 319 Dividends 6,000 404 Services revenue 44,000 612 Depreciation expenseEquipment 2,000 622 Salaries expense 25,652 637 Insurance expense 1,848 640 Rent expense 2,948 652 Supplies expense 1,452 Totals $ 96,400 $ 96,400 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 $34,600 on December 31 of the prior year.