Question 4 - 7 marks Your answer The adjusted trial balance of Ward Company at the end of the accounting year, December 31, 20X2, showed the following: Adjusted Trial Balance Account Titles Debits Credits Cash $20,000 Machinery 90,000 Accumulated Depreciation 16,000 Trade Payables 7,000 Share Capital 20,000 Retained Earnings 59,000 Service Revenue 40,000 Interest Expense 4,000 Operating Expenses 17,000 Depreciation Expense 8,000 Dividends declared and paid 3,000 Totals $142,000 $142,000 1) Give all the required closing entries for Ward Company at December 31, 20X2. (You need not use the Income Summary account). 2) The 20X2 ending balance in retained earnings was $ ________ Required 1) Prepare all of the closing entries for Ward company at December 31, 20x2 2) The 20x2 ending balanc ein retained earnings would be how much?