ards Company had the following adjusted trial balance: Account Titles Debit Credit Cash 16,080 Accounts Receivable 8,690 Supplies 5,420 Equipment 45,450 Accumulated Depreciation 6,900 Accounts Payable 4,610 Deferred Rent Revenue 1,830 Capital Stock 23,900 Retained Earnings 20,900 Dividends 17,000 Commission Revenue 49,000 Rent Revenue 5,300 Depreciation Expense 3.200 Utaties Expense 10,600 Supplies Expense Total 6,000 112,440. 112,440 Required: Prepare the third closing entry to close the Income Summary account to the Retained Earnings account, given that net income for the period $34,500.