The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of December 31, Year 2 Accounts receivable $ 27,800 Accounts payable 7,050 Salaries payable 11,500 Cash 43,000 Dividends 5,400 Operating expense 2,510 Prepaid rent 3,600 Rent expense 7,300 Retained Earnings 1/1/Year 2 20,800 Salaries expense 32,900 Service revenue 72,360 Supplies 350 Supplies expense 2,880 Common stock 20,100 Unearned revenue 7, 130 Land 13,200 Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. b. What is the balance in the Retained Earnings account after the closing entries are posted