The final step in the accounting cycle is to prepare . adjusting entries. O b. closing entries. OC a post-closing trial balance. O d. financial statements. During the year 2020, Dallas Company earned revenues of RM90,000, had expenses of RM62,000, purchased assets with a cost of RM10,000 and had owner drawings of RM6,000. Net income for the year is . RM28,000. O b. RM32,000. O c. RM22,000. O d. RM18,000