DR	CR
Cash	26000
Accounts receivable	7000
Equipment	11500
Accum. Depr		4000
Accounts Payable		5000
common stock		2500
paid in capital		500
retained earning		2000
dividend	2000
revenue		50000
salaries	10500
rent	7000
total	64000	64000

the entry to close out income summary amount would be

a.30,500

b.50,000

c.32,500

d.40,000