The income statement for the Four Oaks Golf Club Inc. for the month ended July 31 shows Service Revenue $19,550: Salaries and Wages Expense $9,450; Maintenance and Repairs Expense $4,310; and Income Tax Expense $1,280. The statement of retained earnings shows an opening balance for Retained Earnings of $20,260 and Dividends $1.450. Your answer is partially correct. Try again Prepare closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do net indent manually July 3T IService Revenue To close revenue account uly 3r Income Summary Salaries and Wages E Maintenance and Repal 1.280 To close expense accounts) dy 3T income Summary Retained Earnings to retaned earmings) CALCULATOR MESSAGE Income Tax Expense 1,280 To close expense accounts) July 31 Income Summary 5,510 Retained Earnings 5,510 (To close net incomel/(loss) to retained earnings) July 31 Retained Earnings 1,450 Dividends 1,450 (To close dividends to retained earnings) SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT x Your answer is incorrect. Try again. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings Click if you would like to Show Work for this question: QRen Show Work 23,720