Question Comp Credit Accounts Accounts Receivable Prepaid Insurance Office Supplies Debit $34.000 28.000 7,500 3.000 48,000 150,000 Land $15.500 71.000 7.000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Mortgage Payable Common Stock Retained Earnings Dividends Service Revenue 23.000 4,000 29,000 100,000 10.000 11,500 22,000 280,000 62,000 Salaries Expense vann Ruilding and Question Completion Status! 23,000 4,000 29,000 100,000 10,000 11,500 22,000 280,000 Accounts Payable Salaries Payable Unearned Revenue Mortgage Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense-Building and Equipment Supplies Expense Insurance Expense Utilities Expense Total 62,000 5,900 14,000 14,600 20.000 $480.000 $480,000 a. What is the Net Income? h After the closing entries are posted, what is the balance in Retained Earnings