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The income statement for the Marin Inc. for the month ended July 31 shows Service Revenue $19,780, Salaries and Wages Expense $9.760, Maintenance and Repairs

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The income statement for the Marin Inc. for the month ended July 31 shows Service Revenue $19,780, Salaries and Wages Expense $9.760, Maintenance and Repairs Expense $3,230, and Income Tax Expense $1,400. The statement of retained earnings shows an opening balance for Retained Earnings of $20,180 and Dividends $1,360. Debit Credit Date Account Titles and Explanation Service Revenue 19780 July 31 19780 Income Summary (To close revenue account) Income Summary July 31 Salaries and Wages Expense Maintenance and Repairs Expense Income Tax Expense (To close expense accounts) Income Summary July 31 Retained Earnings (To close net income/(loss) to retained earnings) Retained Earnings July 31 Dividends (To close dividends to retained earnings) What is the ending balance in Retained Earnings? Ending balance in Retained Earnings

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