Eagie Sporting Goods Company reporied the following data at July 31, 2018, with amounts in thcusands: Click the loon to view the account balances) (Click the loon to view the statement of retained eamings.) EEl (Click the lcon to view the balance sheet) Make the company's closing entries at July 31, 2018. Then set up a T-account for Retained Eamings and post to that account Compare Retained Earnings'ending balance to the amount reported on Eagie's statement of retained eamings and bsiance sheet What do you find? Journal Entry Date Accounts Debit Credit Jul 31 Now make the closing entry for expenses at July 31, 2018 Joumal Entry Date Debit Credit d 31 Set up aTcount for Rotaned Earrings and post totat aonurt Re o dee beg m g baiane, post the ousing eines, andcaculate re e deg balance of the Retained Ean ngaTacount Retained E Compare Retairned Eamings ending baiance to the amount reported on Eage's stalement of edained eanings and balance sheet What do you fed? The Reained Eaminge ending balance as caloulated trough e above T-acou with the amount reperted on the financial sialements Choose from any list or enter any number in the input helds and than continue to the nest quetion i Data Table Data Table Eagle Sporting Goods Company Balance Sheet July 31, 2018 Eagle Sporting Goods Company Statement of Retained Earnings Year Ended July 31, 2018 o amount reported on Thousands Assets $ 31,700 Retained earnings, July 31, 2017 Add: Net income Retained earnings, July 31, 2018 Current assets 6,700 Cash Accounts receivable Inventories Other current assets $ 26,200 28,200 31,000 4,700 $ 38400 Print Done Total current assets Property and equipment, net Other assets 90,100 19,300 23,000 $ 132,400 Data Table Total assets Retained earnings July 31, 2017 Accounts receivable Net revenues Total current Nabilities... All other expenses Other current assets. Total current liabilises Longterm iabilities Total labilities $ 55,100 14,900 28,200 Cash 74,000 Property and equipment, net 55,100 Common stock 31,000 Inventories 4,700 Long-term liablides 23,000 Dividends 26,200 9,300 24,000 31,000 14,900 0,000 Stockholders" Equity Common stock 24,000 Other assets Print Done Print Done t