Robert Evans owns a business, Beachside Realty, that rents condominiums and furnishings. Below is the adjusted trial balance at December 31. Refer to the Chart of Accounts for exact wording of account titles. Robert Evans ADJUSTED TRIAL BALANCE December 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2 Accounts Receivable 2,000.00 3 Interest Receivable 100.00 4 Prepaid Insurance 1,600.00 5 Notes Receivable 2,800.00 6 Equipment 15,000.00 7 Accumulated Depreciation 3,000.00 8 Accounts Payable 2,400.00 9 Accrued Expenses Payable 3,920.00 10 Income Taxes Payable 2,700.00 11 Unearned Rent Fees 500.00 12 Robert Evans, Capital 7,700.00 13 Robert Evans, Drawing 2,000.00 14 Rent Fees Earned 37,000.00 15 Furniture Rental Revenue 1,200.00 16 Interest Revenue 100.00 17 Wages Expense 19,000.00 18 Depreciation Expense 1,800.00 19 Utilities Expense 320.00 20 Insurance Expense 700.00 21 Maintenance Expense 9,000.00 22 Income Tax Expense 2,700.00 23 Totals 58,520.00 58,520.00 Required: Prepare the entry required to close the revenue and expense accounts. Prepare the closing entry required to transfer the income or loss at the end of the period. Refer to the Chart of Accounts for exact wording of account titles. The chart of account does not include income Summary under Equity accounts.