The following is Baker Co.'s Pre-Closing Trial Balance as of December 31, 2017. Baker's accounting period is a month, thus the balances in the temporary accounts are for the month of December 2017.

Account	Debit	Credit
Cash	10,000
Accounts Receivable	25,000
Inventory	40,000
Supplies	5,000
Equipment	100,000
Accumulated Depreciation		30,000
Accounts Payable		12,000
Note Payable		13,000
Interest Payable		3,000
Unearned Revenue		8,000
Dividends Payable		7,000
Common Stock		10,000
Retained Earnings		46,000
Sales Revenue		193,000
Cost of Goods Sold	78,000
Depreciation Expense	18,000
Wages Expense	42,000
Supplies Expense	3,000
Interest Expense	1,000
Total	322,000	322,000

Use the information in Bakers Trial balance to answer questions D through H.

D. In the General Journal below record the journal entry that should be made to close the Revenue account(s).

E. In the General Journal below record the journal entry that should be made to close the Expense accounts.

F. Based on Bakers account balances, the amount of Net Income that would be shown on Bakers Income Statement for December 2017 would be:

G. Based on Bakers account balances, the amount of Total Assets that would be shown on Bakers Balance Sheet as of December 31, 2017 would be:

H. Based on Bakers account balances, the amount of Total Equity that would be shown on Bakers Balance Sheet as of December 31, 2017 would be: