The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $18,000 10,600 2,000 23,000 $5.500 2,768 39,600 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 6,000 46,300 2,000 26,993 1.945 3,102 1.528 $95,168 $95.168 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. No General Journal Date Dec 31 Credit 1 Services revenue Income summary Debit 46,300 46,300 Dec 31 35,568 Income summary Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense 2,000 26,993 1,945 3,102 1,528 3 Dec 31 95,168 Income summary Accumulated depreciation Equipment Common stock Retained earnings Services revenue 6,500 2,768 39,600 46,300 Dec 31 39,600 Retained earnings Dividends 6,000 Yu- Prepare the December 31, post-closing trial balance for Cruz Company. $39,600 on December 31 of the prior year. Credit CRUZ COMPANY Post-Closing Trial Balance + December 31 Debit Cash $ 18,000 Supplies 10,600 Prepaid insurance 2,000 Equipment 23,000 Accumulated depreciation Equipment Dividends $ 6,500 6,000 Totals $ 53,600 $ 12,500