The income statement for the Marin Inc. for the month ended July 31 shows Service Revenue $16,880, Salaries and Wages Expense $9,410, Maintenance and Repairs Expense $3,320, and Income Tax Expense $1,380. The statement of retained earnings shows an opening balance for Retained Earnings of $24,630 and Dividends $2,000. (a) Your answer is correct. Prepare closing journal entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation July 31 Service Revenue Income Summary (To close revenue account) Debit 16,880 Credit 16,880 417 PM 905/2002 July 31 Income Summary Salaries and Wages Expense Maintenance and Repairs Expense Income Tax Expense (To close expense accounts) July 31 Income Summary Retained Earnings (To close net income/(loss) to retained earnings) July 31 Retained Earnings Dividends (To close dividends to retained earnings) 14,110 2,770 2,000 9.410 3,320 1,380 2,770 2,000 (b) What is the ending balance in Retained Earnings? Ending balance in Retained Earnings $