pls answer the question using the picture below.

Answer ASAP!!!

Budget Business Systems uses a perpetual inventory system. The adjusted trial balance of Budget Busi (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at March 31, 2018. (Record debits first, then credit Start by closing revenues. Do not close expenses or contra-revenue accounts; we will do this in the next ste Debit Credit Accounts and Explanation Date Mar. 31 Clos. (1) Close expenses and other temporary accounts for the period Date Accounts and Explanation Debit Credit Mar. 31 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search a Budget Business Systems (Click the icon to view the adjusted trial balance.) uses a perpetual inventory system. The adjusted trial balance of Budget Business S Read the requirements Close income Summary Credit Debit Accounts and Explanation Date Income Summary Mar. 31 Retained Earnings Clos. (3) Close Dividends Accounts and Explanation Date Debit Credit Retained Earnings Mar. 31 Dividends Clos. (4) Choose from any list or enter any number in the input fields and then continue to the next question perpetual inventory system. The adjusted trial balance of Budget Business Systems at March 31, 2018,f Budget Business Systems (Click the icon to view the adjusted trial balance.) Uses a Read the requirements Retained Eamnings; and Dividends. Post the closing entries Requirement 2. The following T-accounts have been set up: Income Summary Use "Clos." and the corresponding number as shown in the jounal entry as posting references-"Clos. (1)", "Clos.(2)", etc. The adjusted bal after dlosing, enter a "O" on the normal side of the account For Income Summary, calculate and enter the balance ("Bal.") before posting the line after the balance prior to closing (the third line) and then show the post-closing balance ("Bal.") on the last (fourth) line of the account Review the closing journal entries you prepared above. Dividends Retained Earnings Income Summary 39.000 Adj Bal 8,150 Adj. Bal. Bal. Requirement 3. How much was Budget's net income or net loss? Budget had a net of $ Choose from any list or enter any number in the input fields and then continue to the next question. Budget Business Systems Adjusted Trial Balance March 31, 2018 Balance Credit Debit Account Title 3,900 Cash 13,700 Accounts Receivable Merchandise Inventory 31,800 Office Supplies 6,700 Equipment 42,400 Accumulated Depreciation Equipment 13,100 Accounts Payable 8,900 Salaries Payable 1,200 Notes Payable, Iong-term 7,900 Common Stock 15,000 Retained Earnings 8,150 Dividends 39.000 Sales Revenue 233.000 Cost of Goods Sold 104,850 Selling Expense Administrative Expense 27,700 14.900 interest Expense 2.300 Total $ 287.250 S 287,250