After the closing process has been completed, answer the following questions:

What is the balance in the Retained Earnings account?

What is the balance in the commission revenue account?

During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)?

White Company had the following adjusted trial balance: Account Titles Debit Credit Cash $27,020 Accounts Receivable 19,170 Supplies 9,960 Equipment 41,100 Accumulated Depreciation $ 8,900 Accounts Payable 4,260 2,500 Deferred Rent Revenue Capital Stock 19,590 Retained Earnings 23,200 Dividends 13,400 64,400 Commission Revenue Rent Revenue 7,000 Depreciation Expense 5,900 Utilities Expense 7,500 Supplies Expense 5,800 Total $129,850 $129,850 The president of White Company has asked you to close the books (prepare and process the closing entries)