Anderson Company had the following adjusted trial balance: Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense Total Debit $26,160 19,140 9,820 43,900 16,100 5,500 7,800 5,500 $133,920 Credit $7,300 4,150 2,450 34,720 20,000 59,700 5,600 $133,920 1 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: 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)? What is the balance in the utilities expense account? What is the balance in the Retained Earnings account? $0 $0 $