Hernan v ompany had the following adjusted trial balance: Account Titles Debit Credit Cash $26,280 Accounts Receivable 17,600 8,150 Supplies Equipment 42,500 Accumulated Depreciation $10,000 Accounts Payable 4,230 Deferred Rent Revenue Capital Stock 2,460 16,140 24,200 Retained Earnings Dividends 14,300 Commission Revenue 65,000 5,600 Rent Revenue Depreciation Expense 5,600 8,000 Utilities Expense Supplies Expense 5,200 Total $ 127,630 $127,630 The president of Hernandez 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: What is the balance in the Retained Earnings account? $ During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)? $ s What is the balance in the rent revenue account? $ 5