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 21 $ 26,900 Accounts receivable Accounts payable 7,610 Salaries payable 10,800 Cash Dividends Operating expense 42,500 5,500 2,880 Prepaid rent 3,600 Rent expense 7,500 Retained Earnings 1/1/Year 2 20,900 Salaries expense 30,600 Service revenue 67,870 Supplies 400 Supplies expense Common stock Unearned revenue Land 2,350 21,700 6,550 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?