Shores Sports rents canoes and kayaks. Below is the adjusted trial balance at December 31. Debit Credit Cash Accounts Receivable 1,500 2,000 Interest Receivable 100 Prepaid Insurance 1,600 2,800 15,000 3,000 Notes Receivable (Long-Term Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees 2,400 3,920 2.700 500 Common Stock 7,700 Dividends 2,000 Rental Revenue 37,000 Service Revenue 1,300 Wages Expense Depreciation Expense 19,000 1,800 320 700 Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense 9,000 2,700 58,520 58,520 The entry required to close the revenue and expense accounts at the end of the period includes a Select one: a debit to Retained Earnings for $4,780 b. credit to Retained Earnings for $4,780 c. debit to Retained Earnings for $38,300 od credit to Retained Earnings for $38,300