A company's ledger accounts and their end-of-period balances before closing entries are posted are shown be ow. What amount will be earnings in the process of closing the Income Summary account? (Assume all acounts have normal balances) Retained earnings Dividends Revenue Rent expense Salaries expense Insurance expense Depr. Expense-equipment Accum depr-equipment 7,800 9,600 29,880 3,600 7,200 920 500 1,580 Multiple Choice $16780 debit $7180 credit