The adjusted trial balance shown below is for Rich Company at the end

The adjusted trial balance shown below is for Rich Company at the end of its fiscal year:RICH COMPANYTrial BalanceMarch 31, 2014______________________________________________________________________ Debit CreditCash ………………………………………………………………………………………….. $ 12,900Accounts Receivable …………………………………………………………………… 9,400Supplies …………………………………………………………………………………….. 700Prepaid Insurance ……………………………………………………………………….. 2,500Equipment …………………………………………………………………………………. 16,000Accumulated DepreciationEquipment ……………………………………….. $ 4,800Accounts Payable ……………………………………………………………………….. 5,800Salaries and Wages Payable ………………………………………………………… 1,100Unearned Rent Revenue ………………………………………………………………. 600Common Stock………………………………………………………………………………………….. 15,000Retained Earnings ………………………………………………………………………. 5,600Service Revenue ………………………………………………………………………………………………….. 34,600Rent Revenue ………………………………………………………………………………………………….. 14,400Salaries and Wages Expense ………………………………………………………… 18,100Supplies Expense ……………………………………………………………………….. 1,800Rent Expense ……………………………………………………………………………… 12,000Insurance Expense ………………………………………………………………………. 1,500Depreciation Expense………………………………………………………………….. 1,200Dividends…………………………………………………………………………………… 5,800 $81,900 $81,900Instructions:Construct the closing journal entries only for the temporary accounts at 3/31;The NEW value of Retained Earnings is: ____________________