Hi, I am stuck in calculating the retained earnings. Thank you!

Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2020: Cash 27,000 Accounts receivable 30,000 Inventory 69,000 Equipment 326,000 Accumulated depreciation, equipment 160,000 Accounts payable 114,000 Bank loan payable 71,000 Unearned revenue 23,000 Common shares 10,000 Retained earnings 68,000 Dividends declared 17,000 Sales revenue 481,000 Interest revenue 2,000 Cost of goods sold 320,000 Wages expense 67,000 Rent expense 28,000 Depreciation expense 45,000 Your answer is correct. repare the necessary closing entries for Elsie's Electronics at September 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 30 Sales Revenue 1481,000 Interest Revenue 12,000 Income Summary (483,000 (To close accounts with a credit balance) Sept. 30 Income Summary 1460,000 Cost of Goods Sold 1320,000 Wages Expense 167,000 Rent Expense 28,000 Depreciation Expense T45,000 (To close accounts with a debit balance) Sept. 30 Income Summary 23,000 Retained Earnings 7 723,000 (To close income summary account) M Sept. 30 Retained Earnings 17,000 Dividends Declared 7 717,000 (To close dividend account) x Your answer is incorrect. Try again. Determine the closing Retained Earnings account balance. Retained earnings account closing balance x