Problem 2 (15 pts). The adjusted trial balance of Brooks Ware Shop at December 31 shows Inventory $25,000, Sales Revenue $162,400, Sales Returns and Allowances $4,800, Sales Discounts $3,600, Cost of Goods sold $110,000, Rent Revenue $6,000, Freight-out $1,800, Rent expense $8,800, and Salaries and wages Expenses $22,000. The Company paid $15,000 dividends to shareholders. REQUIRED: a. Prepare Closing Entries using the above information. b. Close NET INCOME the appropriate account (3 pts)