All revenue and expense accounts have been closed at the end of the calendar year for Patton Company. The Income Summary account has total debits of $530,000 and total credits $600,000. As of the same date, Retained Earnings has a balance of $115,000, and the Dividends account has a balance of $48,000. Journalize the entries required to complete the closing of the accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To close net income to retained earnings) (To close dividends to retained earnings) SHOW LIST OF ACCOUNTS Prepare a retained earnings statement for the year ended December 31, 2018. (List items that increase retained earnings first.) PATTON COMPANY Retained Earnings Statement For the Year Ended December 31, 2018