The following balances appear on the books of Cedrick Owens Enterprises: Retained Earnings, \$23,700; Dividends, $10,800; Income Summary, \$0; Service Revenue, \$25,500; Salaries Expense, \$6,900; Rent Expense $3,000; and Advertising Expense, $2,800. All accounts have normal balances. Read the Requirements 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adj. Bal.) at December 31 . 2. Post the closing entries to the accounts, denoting posted amounts as Clos. 3. Compute the ending balance of Retained Earnings