End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 1,296 1,296 Dividends 1,000 1,000 Fees Earned 52,581 52,581 Wages Expense 21,148 21,148 Rent Expense 6,942 6,942 Depreciation Expense 4,787 4,787 76,877 76,877 32,877 52,581 44,000 24,296 Net Income 19,704 19,704 52,581 52,581 44,000 44,000 The effect of closing revenues and expenses to Retained Earnings will be to: