Pastel company had the following Infomiation extracted from its adjusted trial balance at 31 .Oct.2020: service revenue 300,000; Sales revenue 60,000; Rent expense 1 30,000; wages expense 140,000; utility expense I l0,000; dividends 35,000. Ttle closing entry for Income summary would Include:

Paltel company had the following information extracted from its adjusted trial balance at 31.Oct.2020: service revenue 300,000; Sales revenue 60,000; Rent expense 130,000; wages expense 140,000; utility expense 110,000; dividends 35,000. The closing entry for income summary would Include: Select one: a. Debit retained earnings 35,000. b. Debit Retained earnings 20,000. c. Credit Retained earnings 360,000. d. Debit Retained earnings 380,000