1. Record the first closing entry.2. Record the second closing entry.3. Record the third closing entry.4. Record the fourth closing entry.

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18, 606 126 Supplies 12,506 128 Prepaid insurance 2,909 167 Equipment 23,080 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 9,995 318 Retained earnings 37,608 319 Dividends 6, 080 404 Services revenue 34 , 280 612 Depreciation expense-Equipment 2,080 622 Salaries expense 19,939 637 Insurance expense 1,436 649 Rent expense 2, 291 652 Supplies expense 1, 129 lotals $88, 295 $88 , 295 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901