4. The End of the Accounting Cycle - the closing process (5pts): The accounts and balances from the adjusted trial balance for Samwise Sporting Goods, Inc. as of June 30, 2020 is given below. Assume all accounts have their normal debit or credit balance. Samwise Sporting Goods, Inc. uses a quarterly accounting period and all closing entries are made only at the end of each quarterly accounting period. No closing entries have been made yet for the quarter ended 6/30/2020. Account: Cash Accounts Receivable Short term investments Prepaid Rent Inventories Equipment Accumulated Depreciation - Equipment A/P Deferred Revenue Wages Payable Interest Payable Amount: $ 294,921 $ 243,444 $ 18,920 $ 15,000 $ 32,408 $ 360,000 $ 180,000 $ 145,709 $ 37,248 $ 13,040 $ 7,250 Account: Notes Payable Common Stock Retained Earnings Sales Revenue Investment Revenue Cost of Goods Sold (COGS) Depreciation Expense Wages Expense Interest Expense Rent Expense Dividends Amount: $ 155,000 $ 41,560 $ 364,457 $ 238,391 $ 6,945 $ 73,762 $ 72,000 $ 59,115 $ 2,750 $ 15,000 $ 2,280 Given the above information, complete the following: PART A-Record all closing entries (4pts): Record all four closing journal entries for Samwise Sporting Goods, Inc. using the information given above. For revenue and expense accounts, you must close to the 'Income Summary' account first before closing the net income/(loss) amount to Retained Earnings. Make sure to use proper formatting for all entries, and to include the date of each entry and a brief description of each entry. PART B - Calculate the ending balance of Retained Earnings (1pt): After completing PART A, calculate the ending balance of Retained Earnings that would appear on the classified Balance Sheet as of June 30, 2020. You must show your work, such as a formula or T-account used to arrive at your