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High Step Shoes had annual revenues of $ 2 0 2 , 0 0 0 , expenses of $ 1 1 2 , 2 0
High Step Shoes had annual revenues of $ expenses of $ and dividends of $ during the current year. The retained earnings account before closing had a balance of $ The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
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