The year-end adjusted trial balance of the Timmons Tool and Die Corporation included the following account balances: retained earnings, $320,000; sales revenue, $990,000; cost of goods sold, $690,000; salaries expense, $160,000; rent expense, $49,000; and interest expense, $23,000.

Can you help me find the income summary? it is not 300,000

Event	General Journal	Debit	Credit
1	Sales revenue	990,000
	Income summary		990,000
2	Income summary	XXXX
	Salaries expense		160,000
	Rent expense		49,000
	Interest expense		23,000
3	Income summary	68,000
	Retained earnings		68,000