Given the following adjusted trial balance: Debit Credit Cash $1961 Accounts receivable 2476 3686 Inventory Prepaid rent Equipment 101 350 $61 97 144 240 7800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 434 66 190 78 $8842 $8842 After closing entries have been posted, the balance in retained earnings will be: O $8204 O $8032 7836. O $7598 Sunland Company had the following transactions during 2021. Sales of $8640 on account Collected $3840 for services to be performed in 2022 Paid $2540 cash in salaries Purchased airline tickets for $480 in December for a trip to take place in 2022 What is Sunland's 2021 net income using cash basis accounting? O $820 $ O $9460 O $9940 $ O $1300 Bramble Corp. accounting records show the following at the year ending on December 31, 2022. $11800 15700 Purchase Discounts Freight-in Purchases Beginning Inventory Ending Inventory Purchase Returns and Allowances 700020 55000 65600 13500 Using the periodic system, the cost of goods sold is O $696620 O $702920 O $717820 O $679820