Question 18 Evan Roberts owns a business, Shore Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31. Debit Credit Cash 1,500 Accounts Receivable 2,000 Interest Receivable 100 Prepaid Insurance 1,600 Notes Receivable (long- 2,800 term) Equipment 15,000 Accumulated Depreciation 3,000 Accounts Payable 2,400 Accrued Expenses Payable 3,920 Income Taxes Payable 2,700 Unearned Rent Fees 500 Evan Roberts, Capital 7,700 Evan Roberts, Drawing 2,000 Rent Fees Earned 37,000 Furniture Rental Revenue 1,200 Interest Revenue 100 Wages Expense Depreciation Expense 19,000 1,800 Utilities Expense 320 Insurance Expense 700 Maintenance Expense 9,000 Income Tax Expense 2.700 58,520 Totals 58,520 MacBook Pro F3 F4 F5 FT F2 5 6 700 Insurance Expense Maintenance Expense 9,000 Income Tax Expense 2.700 58,520 Totals 58,520 The entry required to close the expense accounts at the end of the period includes a: O a debit to Income Summary for $35,520 a credit to Income Summary for $35,520 a debit to Income Summary for $33,520 a credit to Income Summary for $33,520 Previous No new data to MacB esc F1 F3 F2 F4 FS % 2 4 5