$12)$ High Step Shoes had annual revenues of $$204,000,$ ~penses of $$113,200,$ and dividends of$..$$$25,600$ during the current year. The retained earnii;igs account before closing hag a balanceof $$3$ I$6$mo$.$ The entry to cl$\_$ose the Income Summary account at the end of the year, afterrevenue and expense accounts have been closed, is:$12)$WDebit Retained Earnings $$316,000$; credit Income Summary $$316,000$B$)$Debit Retained Earnings $$65,200$; credit Income Summary $$65,200\text{'}$ C$)$Debit Income Summary $$65,200$; credit Retained Earnings $$65,200$D$)$Debit Income Summary $$90,800$; credit Retained Earnings $$90,800$E$)$Debit Retained Earnings $$90,800$; credit Income Summary $$90,8$