Presented below are the balances from Zoe Developments Ltd's general ledger as at January 31, 2020 DR CR 52.000 137.000 126,000 2.000 357.000 140,000 Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation, equipment Accounts payable Unearned revenue Wapes payable Common shares Retained earnings Dividends declared 32.000 5,000 15.000 103,000 88,000 19.000 Sales revenue 937.000 Sales revenue 937,000 Interest revenue 15,000 560,000 10,000 Cost of goods sold Depreciation expense Wages expense Utilities expense Insurance expense 45.000 12,000 15.000 Prepare the necessary closing entries for Zoe Developments at January 31 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 (To close accounts with a credit balance) Jan. 31 Question 5 of 7 (To close accounts with a debit balance) Jan. 31 (To close income summary account) Jan. 31 (To close dividend account) Determine the ending Retained Earnings account balance. Ending balance of Retained Earnings $