Credit Balance Sheet Debit 48,000 18,000 6,000 57,000 Help Account Title Cash Accounts Receivable Supplies Equipment Accum. Depr - Equip Accounts Payable Wages Payable capital Stock Retained Earnings Dividends Ftes Earned Wages Expense Rent Experte Depreciation Expense Totals Net Income (LOS) UM Company Work Sheet For the Year Ended December 31, 2020 Adjusted Trial Balance Income Statement Debit Credit Debit Credit 48,000 18.000 6,000 57,000 18,000 30.000 6,000 5,000 28,000 3,000 141,000 141.0001 63,000 63,000 18.000 18,000 15.000 15.000 228000 228,000 96,000 141.0001 45,000 141,000 141,000 18,000 30.000 GOD 5.000 28,000 3,000 132,000 87.000 45,000 132,000 132,000! Remaining Time: 39 minutes, 16 seconds. Question Completion Status: 6,000 57.000 6.000 57.000 18,000 30,000 6,000 5.000 28000 18,000 30.000 6,000 5,000 28.000 3,000 Supplies Equipment Accum. Depr. - Lquip. Accounts Payable Wages Payable Capital Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income (Loss) 3,000 141.000 141,000 63,000 18,000 15,000 228,000 63,000 18.000 15.000 96,000 45,000 141,000 132,000 228.000 141.000 87.000 45,000 132,000 141,000 132.000 The entry to close Income Summary would be O a. debit Retained Earnings, $45,000; credit Income Summary. $45,000 O b. debit Income Summary, $45,000; credit Retained Earnings, $45,000 Oc debit Income Summary, $141,000; credit Retained Earnings, $141,000 d. debit Retained Earnings, $9,000; credit Income Summary, $9,000