Smith Company had the following adjusted trial balance: Credit Debit $21,350 16,830 9,440 43,500 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense Total $8,800 3,710 1,590 32,320 21,600 13,000 51,000 6,500 7,000 8,700 5,700 $125,520 $125,520 The president of Smith 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: $0 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)? What is the balance in the Retained Earnings account? What is the balance in the rent revenue account? $ SI