%E3-25A (similar to) Question Help Consider the following selected accounts from the records of South Shore Enterprises at December 31, 2018: (Click the icon to view the selected accounts and balances.) Read the requirement. Begin by preparing the closing entries for South Shore Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) i Data Table i Requirement 14,300 41,600 31,700 4,700 1. Prepare the closing entries for South Shore Enterprises at December 31, 2018. How much net income did South Shore Enterprises earn during 2018? Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings. Cost of services sold .........$ Accumulated depreciation...... Selling, general, and administrative expenses .... Service revenue ........ $ Depreciation expense ... Other revenue ......... Dividends declared ..... Income tax expense..... Income tax payable ..... 6,800 100 300 Retained earnings, Print Done December 31, 2017 .. 2,900 Choose from any list or enter any number in the input fields and then click Check Print Done 4 parts 4 remaining Clear All Check