Question 12 of 13 0.5/1 III The income statement for the Shamrock, Inc. for the month ended July 31 shows Service Revenue $17,510, Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,070, and Income Tax Expense $1,400. The statement of retained earnings shows an opening balance for Retained Earnings of $24.760 and Dividends $1.660. (a) Your answer is correct Prepare closing journal entries. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit July 31 Service Revenue 17510 Income Summary (To dose revenue account) 17510 July 31 Income Summary Your answer is incorrect. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings $