Prepare the closing entries from the following selected accounts from the records of East Shore Corporation at December 31, 2010:

How much net income did East Shore earn during 2010? Prepare a T-account for Retained Earnings to show the December 31, 2010, balance of RetainedEarnings.

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Accumulated depreciation.. Selling, general, and 4,800 500 900 400 900 41,800 Depreciation expense Other revenue administrative expenses... 6,100 Dividends Retained earnings, Income tax expense. December 31, 2009. 2,400 Income tax payabl...