Work Order Cengage %252Fnewconnect.meducation.com EasyBIB Calender Library Hudl Housing UP PMyLab 11 A company's fiscal year-end is December 31, Year 1. The following is a partial adjusted trial balance as of December 31, Debit 76 Sints Credit $27,000 $ 2,700 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 47,000 5,700 Book 14,700 5,700 2,700 10,700 4,700 Hint int Hurrences Required: 1. Prepare the necessary 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. Year 1 Debit Credit 1 47,000 Service Revenue Interest Revenue Retained Earnings 5,700 52.700 2 38,500 December 31, Year Retained Earnings 1 Salaries expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,700 5,700 2.700 10,700 4.700 Mc GE 2. Calculate the ending balance of Retained Earnings. Retained earnings