value: 1.00 points Laker Incorporated's fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31. Accounts Cash Debit $10,700 32,500 23,500 Credit Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue S 1,700 17,000 33,500 7,700 2,700 55,300 alanes Expense Adv 18.700 11 700 xpense Rent Expense Utilities Expense 8,700 6,700 $ 115,200 Totals $115,200 Required: 1. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 2018 31 Clear entry Record entry View general journal 2. Calculate the ending balance of Retained Earnings Retained earnings 3. Prepare a post-closing trial balance LAKER INCORPORATED Post-Closing Trial Balance December 31, 2018 Accounts Debit Credit Totals 0