The year-end financial are provided below.

Required:
1. Record year-end closing entries.
2. Prepare a post-closing trial balance

Income Statement Statement Of Stockholders' Equity Service revenue $87,500 Common Retained Expenses: Stock Earnins Total Salaries Supplies Rent Delivery $47,100 $70,000 $34,500 $104,500 12,000 17,900 7,900 (5,000) (5,000) S17,900 December 31 $82,000 47 400 $129,400 January 1 9.600 7,700 5,200 69,600 Issue stock Net income Dividends 12.000 Net income Balance Sheet Assets: Cash Accounts receivable Land Liabilities: S 7,500 Accountspayable S 9,800 8,300 Stockholders' Equity: 123,400 Comon stock 82,000 47.400 129.400 Retained eamings Total assets $139.200 Total liabs. and equities $139.200