Hawk Sporting Goods Company reported the following data at July 31, 2018, with amounts in thousands: B(Click the icon to view the account balances.) (Click the icon to view the statement of retained earnings.) (Click the icon to view the balance sheet.) Make the company's closing entries at July 31, 2018. Then set up a T-account for Retained Earnings and post to that account. Compare Re Make the company's closing entries at July 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by making the closing entry for revenues at July 31, 2018. Journal Entry Credit Debit Accounts Date 31 Jul Now make the closing entry for expenses at July 31, 2018. Journal Entry Credit Debit Accounts Date 31 Jul Set up a T-account for Retained Eamings and post to that account. Record the beginning balance, post the closing entries, and calculate t Retained Earnings Choose from any list or enter any number in the input fields and then continue to the next question. nt. Compare Retained Earnings' ending balance to the amount reported on Hawk's statemen al entries.) - X i Data Table Hawk Sporting Goods Company Statement of Retained Earnings Year Ended July 31, 2018 Thousands Retained earnings, July 31, 2017 36,000 17,900 Add: Net income $ 53,900 Retained earnings, July 31, 2018 and cal Print Done Hawk Sporting Goods Company ding alance Balance Sheet July 31, 2018 Thousands Assets Current assets Cash 26,500 Accounts receivable 27,900 Inventories 35,000 Other current assets 4,900 94,300 Total current assets Property and equipment, net 19,000 24,300 Other assets 137,600 Total assets Liabilities 51,700 Total current liabilities 7,000 Long-term liabilities of the F 58,700 Total liabilities Stockholders' Equity 25,000 Common stock Done Print