Consider the following financial info: Sales revenue $460,500; interest revenue $59,000; salary expense $204,100; supplies expense $39,700; rent expense $98,000; dividends paid $13,000. The entry needed to close out the income Summary account would include a O a. Debit to retained earnings for $177,700 O b. Debit to retained earnings for $118,700 O c. Credit to income summary for $177,700 d. Debit to income summary for $164,700 o e. Debit to income summary for $177,700 Consider the following financial info: Net income of $1,131,700. Paid preferred stock dividends of $258,600. Paid $123,000 common stock dividends. The weighted average of shares outstanding was 194,200 common shares outstanding and 50,400 preferred shares outstanding Compute earnings per share O a. 4.50 O b. 3.57 O c. 5.83 d. 3.86 Consider the following cash transactions for the period: Sale of land and building $182,620; Purchase of treasury stock $45,200; Purchase of land $42,100; Payment of cash dividend $90,900; Purchase of equipment $53,800; Issuance of common stock $155,600; Retirement of bonds $108,100. Compute the net cash provided (used) by financing activities. O a. (88,600) O b. 94,020 c. 88,600 O d. (94,020)