Facts for items #69 to # 82 Prepare the closing entries from the following selected accounts from the records of Sunnydale Corporation at December 31, 2019. Cost of services sold............. $11,300 Service revenue... $24,000 Accumulated depreciation... 40,900 Depreciation expense...... 4,800 Selling, general, and Other revenue 300 administrative expenses.... 6,700 Dividends 600 Retained earnings, Income tax expense 800 December 31, 2009......... 2,100 Income tax payable. 300 Journalize the closing entries of Sunnydale Corporation on December 31, 2019. Journal DATE Closing Entries Dec. 31 ACCOUNT TITLES AND EXPLANATION Service Revenue. DEBIT CREDIT 69 Other Revenue. 70 Income Summary.. _71_ 31 Income Summary. _72_ Cost of Services Sold. _73_ Selling, General, and Administrative Expense... _74_ Depreciation Expense. 75 Income Tax Expense.. 76 31 Income Summary.. _77_ Retained Earnings. _77_ 31 Retained Earnings.. 78 Dividends.. _78_ How much net income did Sunnydale earn during 2019? Prepare a T-account for Retained Earnings to show the December 31, 2019, balance of Retained Earnings. Retained Earnings Dividends (79)_ Dec. 31, 2018 (80)_ Net income (81) Dec. 31, 2019 (82)