Vanguard Company had the following adjusted trial balance at December 31, 2011. VARGUARD COMPANY Adjusted Trial Balance For the year ended December 31, 2011 Account titles Debits Credits Cash $14,800 Accounts Receivable 8,800 Equipment 15,900 Accounts Payable $4,400 Accumulated Depreciation 7,400 Common Stock 20,000 Retained Earnings 25,200 Dividends 16,000 Service Revenue 65,000 Unearned Rent Revenue 1,800 Rent Revenue 6,500 Salaries Expense 55,700 Depreciation Expense 4,000 Supplies Expense 200 Utilities Expense 14,900 _______ $130,300 $130,300 Instructions (a) Journalize the entries required to close the accounts. (b) Prepare a retained earnings statement for the year ended December 31, 2011.