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please fix mistakes Income Summary 475200 Income Tax Expense Interest Expense Salaries Expense 134400 Supplies Expense Cost of Goods Sold (To close expense accounts.) Income

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Income Summary 475200 Income Tax Expense Interest Expense Salaries Expense 134400 Supplies Expense Cost of Goods Sold (To close expense accounts.) Income Summary 297600 Retained Earnings (To close Income Summary.) Retained Earnings 57600 Cash Dividends - Common 57600 Tamarisk Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024 . The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $784,800. Tamarisk has a 20% income tax rate. TAMARISK INC. Statement of Retained Earnings Year Ended July 31, 2024 Retained Earnings, August 1,2023 Add : Profit/(Loss) for the Year Less v: Cash Dividends Retained Earnings, July 31, 2024

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