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 10,600 128 Prepaid insurance 2,800 167 Equipment 23,eee 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 10,380 318 Retained earnings 34,600 319 Dividends 6,000 404 Services revenue 36,800 612 Depreciation expense-Equipment 2, ee 622 Salaries expense 21,454 637 Insurance expense 1,546 640 Rent expense 2,466 652 Supplies expense 1,214 Totals $88,280 $88,280 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 Required 1 Required 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. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals 0 $ 0