Ross Company had the following adjusted trial balance:

Additional Resources

	Account Titles		Debit			Credit
	Cash		$25,580
	Accounts Receivable		18,500
	Supplies		9,800
	Equipment		35,100
	Accumulated Depreciation					$9,800
	Accounts Payable					4,530
	Deferred Rent Revenue					1,540
	Capital Stock					21,510
	Retained Earnings					22,400
	Dividends		13,600
	Commission Revenue					56,800
	Rent Revenue					5,500
	Depreciation Expense		5,900
	Utilities Expense		8,500
	Supplies Expense		5,100
	Total		$122,080			$122,080

The president of Ross Company has asked you to close the books (prepare and process the closing entries).

Required:

After the closing process has been completed, answer the following questions:

What is the balance in the Retained Earnings account?		$
What is the balance in the utilities expense account?		$
During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)?		$