Magic Corporation has the following normal account balances in its general ledger at the end of a period:

Sales revenue

$ $1,060,000$

Advertising expense

$180,000$

Which of the following gives the correct entry required to close only the accounts above?

Group of answer choices

Advertising Expense $180,000$

Retained Earnings $880,000$

Sales Revenue $1,060,000$

Retained Earnings $880,000$

Net Income $880,000$

Sales Revenue $1,060,000$

Advertising Expense $180,000$

Retained Earnings $880,000$

None of the above. These accounts are not closed.