Morgan Company had the following adjusted trial balance: Account Titles Debit Credit Cash $25,570 Accounts Receivable 15,470 Supplies 9,710 Equipment 42,100 Accumulated Depreciation $7,800 Accounts Payable Deferred Rent Revenue Capital Stock 4,670 1,930 20,150 Retained Earnings 23,000 Dividends 13,600 Commission Revenue 63,700 Rent Revenue 5,700 Depreciation Expense 7,000 Utilities Expense 8,200 Supplies Expense 5,300 Total $126,950 $126,950 The president of Morgan 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)? What is the balance in the rent revenue account? $