Service Fee Revenue $310,000 Less: Operating Expense Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries Expense Supplies Expense Travel Expense Utilities Expense 37,000 21,065 8,550 33,875 97,300 27,000 32,000 5,550 ($262,340) Net Income from Operations $47,660 Other: Gain on asset disposal 1,315 Net Income $48,975 Consider the above information and consider further that during 2020 Carson declared $50,000 in dividends and welcomed a new owner in to the organization Using the approach learned in class select the answer below that correctly shows an entry that Carson will make at the end of 2020 as part of the company's closing process. O A. Retained Earnings 48,975 Income Summary B. None of the answer choices provided are correct. 48.975 47,680 Retained Earnings OC. Income Summary 47,660 D 47,660 Income Summary Retained Earnings 47,680 OE Income Summary Retained Earnings 48,975 48,975 OF 1.315 Retained Earnings Gain on asset disposal 1,315