Turk Inc. has the following alphabetized list of adjusted account balances at December 31, 2020 2 Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividende Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2023 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 25, 360 38,800 10,440 20,880 8,000 19,200 108,000 78,000 40,200 113,600 33,200 108,300 38,800 27, 320 267,400 124,800 1. Assuming normal balances, prepare the closing entries at December 31, 2020, the company's year-end. View transaction list Journal entry worksheet 3 Record to close the revenue account to the income summary. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2020 2. Calculate the post-closing balance in Retained Earnings at December 31, 2020 (Amounts to be deducted should be indicated by a minus sign.) -705 Post Closing Balance in Retained Eaming Retained oamings. December 31, 2019 Retained oamingo, December 31, 2020