Name: 22. From the "T" account below please answer the questions that follow. (1 Points Each) Income Summary $637,000 $114,000 $751,000 $114,000 $o a. b. C. d. Total Revenues were? Total Expenses were? Did the company have Net Income or Net Loss? How much was the Net Income or Net Loss? Into which account was this account closed? Was a debit or a credit needed to close the Income Summary to zero? Please place your answers in the given yellow areas. e. f. 23. Analyze the following transactions using the Taccount approach. Place the dollar amount on the debit and credit sides along with the letter that corresponds to the question. After all transactions have been recorded enter the balance in the proper place. (10 Points) a Owner invested $75,000 in a new business. b Received $9,000 for sales during the month. c Billed, but did not yet pay $2,000 for repairs. d Bought a copy machine worth $11,000, making a down payment of $8,500 cash. Cash Accounts Payable Copy Machine Capital Drawing Sales Repair Expense Please place your answers in the given yellow areas