The year-end financial statements of Rattlers Tax Services are provided below. RATTLERS TAX SERVICES Income Statement Service revenue $69.000 Expenses: Salaries $44,300 Utilities 6,500 Insurance 4,100 Supplies 1.250 56,150 Net income $ 12,850 1 RATTLERS TAX SERVICES Statement of Stockholders' Equity Common Retained Total Stock Earnings Stockholders' Equity Beginning balance, Jan. $43,000 $22,800 $65,800 Issue stock 13,000 13,000 Net income 12.850 12,850 Dividends (4,300) (4,300) Ending balance, Dec. 31 $56,000 $ 31,350 $ 87,350 Assets Cash Accounts receivable Land RATTLERS TAX SERVICES Balance Sheet Liabilities 3,000 Accounts payable 5,500 Stockholders' Equity 85,000 Common stock Retained earnings $ 6,150 $56,000 31,350 87,350 Total assets $93,500 Total liabilities and equities $93.500 Required: 1. Record year-end closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No General Journal Date December 31 Credit 1 Service revenue Debit 69,000 2 December 31 Salaries expense Insurance expense Utilities expense Supplies expense 44,300 4,100 6,500 1250 3 December 31 Dividends