Problem 3-6B (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The year-end financial statements of Gold Hunter Financial Services are provided below. Service revenue Expenses: GOLD HUNTER Income Statement Salaries Supplies Rent Delivery Net income $82,200 $48,500 8,600 7,000 3,200 67,300 $14,900 GOLD HUNTER Statement of Stockholders' Equity Common Retained Total Stockholders' Stock Earnings Equity Beginning balance, January 1 Issue stock $55,000 $31,800 $86,800 12,500 12,500 Net income 14,900 14,900 Dividends (5,500) (5,500) Ending balance, December 31 $67,500 $41,200 $108,700 GOLD HUNTER Balance Sheet Assets Liabilities Cash $6,100 Accounts payable $11,100 Accounts receivable 8,700 Stockholders' Equity Land 105,000 Common stock $67,500 Retained earnings 41,200 108,700 Total assets $119,800 Total liabilities and equities $119,800 Required: 1. Record year-end closing entries. 2. Prepare a post-closing trial balance. (Hint: The balance of retained earnings will be the amount shown in the balance sheet.)