Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Debit Credit Cash $25,000 Accounts Receivable 220,000 Prepaid Rent 7,000 Supplies 44,000 Land 335,000 Accounts Payable $26,000 Salaries Payable 25,000 Interest Payable 4,000 Notes Payable (due in two years) 54,000 Common Stock 370,000 Retained Earnings 88,000 Service Revenue 570,000 Salaries Expense 414,000 Rent Expense 34,000 Utilities Expense 54,000 Interest Expense 4,000 Totals $1,137,000 $1,137,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance