1 of 4 (0 complete) i Data Table Brennan Company Trial Balance December 31, 20X0 C Total assets $ $ 68,000 Total liabilities $ Stockholders' equity 34,000 24,000 88,000 Sales revenue Cost of goods sold 61,000 17,000 Other expenses $ 146,000 $ 146,000 Totals Print Done hen click Check Answer. equirement - Prepare closing entries to transfer all emporary accounts to an Income Summary account, and then close the income Summary account to Stockholders' Equity. Note that Stockholders' Equity includes both paid in capital and retained earnings, there is no way to separate the two with the information given repare the closing entries to transfer all temporary accounts to an income Summary account. (Record debits first, then credits Explanations are not required) tart by closing revenues Accounts Debit Credit