The entry to close Income Summary to Retained Earnings includes a. credits to Expenses totalling $5,700. b. a debit to Revenues for $8,000. c. a credit to Retained Earnings for $2,300. d. a credit to Income Summary for $2,300 50. The following information is for COBM Company Computer Supplies: COBM Company Computer Supplies Balance Sheet December 31, 2018 Cash $ 40,000 Accounts Payable $ 130,000 Prepaid Insurance 80,000 Salaries and Wages Payable 50,000 Accounts Receivable 100,000 Mortgage Payable 150.000 Inventory 140,000 Total Liabilities 330,000 Land Held for Investment 180,000 Land 250,000 Buildings $200,000 Common Stock $400,000 Less Accumulated Retained Earnings 340,000 740.000 Depreciation (60.000) 140,000 Trademark 140.000 Total Liabilities and Total Assets $1,070.000 Stockholders' Equity $1.070.000 The total dollar amount of liabilities to be classified as current liabilities is a. $50,000 b. $130,000. $180,000 d. $330,000. C