Taylor Company had the following adjusted trial balance: Credit Deb $21,510 15,440 9,200 38,300 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Contal Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expende Utilities Expense Supplies Expense $8,800 3,740 1,660 25,350 20,800 13,900 50,700 7,300 6,700 7,800 5,500 $118,350 Total $118,350 The president of Taylor 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 What is the balance in the Retained Earnings account? What is the balance in the dividends account? During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (1.ey, after revenue and expense accounts have been closed to Income Summary)? $0