Fun$-$n$-$Games Company has made all the year$-$end adjustments. Its expense accounts total $$130,000,$ and its revenue accounts total $$190,000.$ The closing journal entry to close the Income Statement accounts for the year should be:

Group of answer choices

debit its various revenue accounts for a total of $$190,000,$ debit retained earnings for $$60,000,$ and credit its various expense accounts for a total of $$130,000.$

debit its various expense accounts for a total of $$130,000,$ debit retained earnings for $$60,000,$ and credit its various revenue accounts for a total of $$190,000.$

debit its various expense accounts for a total of $$130,000,$ credit its various revenue accounts for a total of $$190,000,$ and credit retained earnings for $$60,000.$

debit its various revenue accounts for a total of $$190,000,$ credit retained earnings for $$60,000,$ and credit its various expense accounts for a total of $$130,000.$