Using the transactions below, calculate the ending balance. (Hint: Use T accounts.) a. Opened business by investing $120,000 in no par common stock. b. Billed customer for service performed, $13,000. c. Paid for advertisements in advance, $2,800. d. Received telephone bill to be paid next month, $600. e. Owner declared and paid dividends $1,000 f. Received $6,000 from customer billed in b. g. Paid half of telephone bill, $300. h. Received $6,000 in advance of performing service. Questions: 1) What is your Total Asset balance? 2) What is your balance in Retained Earnings( after closing entries)? 3) What is your ending Cash balance? 4) What are your closing entries