Garcia Company had the following adjusted trial balance: Credit Account Titles Cash Accounts Receivable Debit $27.650 15,440 8,900 38,100 Supplies Equipment Accumulated Depreciation Accounts Payable $8,000 Deferred Rent Revenue 4,810 2,240 28,740 22,800 15,900 Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense 55,600 7,100 7,100 10,700 5,500 $129,290 Total $129,290 The president of Garcia Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions: $0 During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (ie, after revenue and expense accounts have been closed to Income Summary)? What is the balance in the dividends account? What is the balance in the Retained Earnings account? $0 SO