Record the December 31 adjusting entry given that the supplies account shows a balance of $1,030. A count of supplies revealed $450 on hand at 12/31/18 On December 31, 2016, Ditka Inc. had Retained Earnings of $270,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $171,100 and interest revenue of $82,800. The company recorded supplies expense in the amount of $89,400, advertising expenses were $16,700, salaries and wages expense totaled $18,750, and income tax expense was calculated as $14,300. During the year, the company declared and paid dividends of $6,300