The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of Accounts receivable December 31, Year 2 $25,800 Accounts payable 7,770 Salaries payable 12,000 Cash 42,900 Dividends 5,200 Operating expense 2,520 Prepaid rent 2,800 Rent expense 7,500 Retained earnings, Beginning 18,400 Salaries expense 32,800 Service revenue 73,400 Supplies Supplies expense Common stock Unearned revenue Land 560 2,030 20,100 6,770 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?