Anderson Company had the following adjusted trial balance: Account Titles Debit Credit Cash $25,700 Accounts Receivable Supplies 16,620 8,360 37,500 Equipment Accumulated Depreciation $10,000 Accounts Payable Deferred Rent Revenue 3,440 2,280 14,460 25,000 Capital Stock Retained Earnings Dividends 14,400 Commission Revenue 64,800 Rent Revenue 6,000 Depreciation Expense Utilities Expense 7,400 10,500 5,500 $125,980 Supplies Expense Total $125,980 The president of Anderson Company has asked you to close the books (prepare and process the closing entries). The president of Anderson Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions: What is the balance in the rent revenue account? $ What is the balance in the Retained Earnings account? $0 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)? $ s