The adjusted trial balance from August 31, 2017 of Sauer Systems follows: 0 (Click the icon to view the adjusted trial balance.) Required 1. Journalize the closing entries of Sauer Systems at August 31, 2017. Include explanations. 2. How much net income or net loss did Sauer Systems earn for August 2017? How can you tell? Requirement 1. Journalize the closing entries of Sauer Systems at August 31, 2017. Include explanations. First, we will close the revenue account. (Record debits first, then credits. Select the explanation on the Ii Journal Entry \fRequirement 2. How much net income or net loss did Sauer Systems earn for August 2017? How can you tell? Sauer Systems had a V of $ . (Indicate a loss by using a minus sign or parentheses.) We know this because |:| exceeded |:| \fUnearned service revenue 27,000 P. Sauer, capital 413,850 P. Sauer, withdrawals 15,000 Service revenue 63,000 Salaries expense 55,000 Rent expense 29,000 Amortization expense-off.equip 1,400 Supplies expense 2,800 Utilities expense 5,000 Total $ 594, 100 $ 594, 100