Sunland Company had revenues of $327000, expenses of $182000, and dividends of $42500. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a O credit of $145000. O debit of $145000. O debit of $102500. O credit of $102500.

Suniand Company had revenues of $327000, expenses of $182000 and dividends of $42500. When Income $ ummary is closed to Retained Earnines, the amount of the debit or credit to Retained Earnings is a credit of $145000. debit of $145000. debit of $102500. credit of $102500