Greenport Island Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 23,000 $ 10,000 $ 156,000 $ 50,000 $ 520,000 $ 69,700 $ 420,000 $ 47,000 $ 16,000 $ 195,000 $ 421,200 $ 18.000 $ 41,600 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 3,300 $ 260,000 $ 6,900 $ 300,000 $ 74,000 $ 47,000 $ 138,300 $ 30,200 $ 60,300 $ 14,200 $ 33,300 $ 5,000 $ 196,600 $ 6,000 1,581,300 $ 1,581,300 $ When working through the closing entries at year-end, the amount required to close out the Income Summary account once all expenses and revenues have been closed is... $ 1,100 b $ 34,400 $ 75, 100 b $108,400 b None of the above