Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this panel. He's not sure if he's journalized the entries correctly, and asks you to review them. You find that two of the entries are correct, but two are incorrect. Determine which entries are incorrect, and journalize all four of the closing entries for Chandler, Inc. as of Dec. 31 on the Journal panel. PAGE 25 JOURNAL ACCOUNTING EQUATION POST, REF DEBIT CREDIT LIABILITIES DATE DESCRIPTION ASSETS EQUITY Closing Entries Income Summary 294.800.00 Dec. 31 Fees Earned 185,600.00 1 3 Rent Revenue 92.000.00 Interest Revenue 17,200.00 Income Summary 31 188,800.00 6 Salaries Expense 71,000.00 Selling Expense 37,600.00 Income Taxes Expense 15,000.00 1 9 Depreciation Expense 47,200.00 10 Insurance Expense 17,000.00 11 Miscellaneous Expense 1,000.00 1 12 Retained Earnings 31 483,600.00 13 Income Summary 483.600.00 14 Retained Earnings 31 15 5,000.00 5,000.00 Dividends 16 ADJUSTED TRIAL BALANCE December 31, 2017 CREDIT ACCOUNT TITLE DEBIT 1 Cash 67,000.00 29,000.00 2 Accounts Receivable 3Prepaid Insurance 16,000.00 4 Office Equipment 60,000.00 5Accumulated Depreciation-Office Equipment 40,000.00 6 Accounts Payable 6,000.00 7 Salaries Payable 8,000.00 Income Taxes Payable 4,000.00 8 9 Common Stock 2,000.00 10 Retained Earnings 11,000.00 5,000.00 11 Dividends 12 Fees Earned 185,600.00 13 Rent Revenue 92,000.00 14 Interest Revenue 17,200.00 15 Salaries Expense 71,000.00 16 Selling Expense 37,600.00 Income Taxes Expense 15,000.00 17 18 Insurance Expense 17,000.00 19 Depreciation Expense 47,200.00 20 Miscellaneous Expense 1,000.00 365.800.00 365,800.00 21 Totals