Use the information below to answer questions Q10-Q13. Hancock Company has the following balances in selected accounts of its adjusted trial balance. Accounts Payable $27,000 Dividends $25,000 Retained Earnings 42,000 Service Revenue 96,000 Rent Expense2,000 Accounts Receivable38,000 8,000 Supplies Expense 41,000 Salaries and Wages Expense Q10 Prepare the entries to close the revenue to income summary. A. Service Revenue 96,000 Income Summary B. Income Summary 96,000 96,000 Service Revenue C. Accounts Receivable 38,000 38,000 Income Summary D. None of the above entries are correct. Q11 Prepare the entries to close the expenses to income summary. A. Salaries and Wages Expense 41,000 Rent Expense 12,000 Supplies Expense 8,000 Income Summary 61,000 . B. Income Summary 61,000 41,000 Salaries and Wages Expense 12,000 Rent Expense 8,000 Supplies Expense C. Income Summary 80,000 41,000 Salaries and Wages Expense 12,000 Rent Expense B. Income Summary 61,000 Salaries and Wages Expense 41,000 Rent Expense 12,000 Supplies Expense 8,000 C. Income Summary 80,000 Salaries and Wages Expense 41,000 Rent Expense 12,000 Account payable 27,000 D. None of the above entries are correct. Q12 Prepare the entries to close the net income summary to retained earnings. A. Account receivable 38,000 Retained Earnings 38,000 B. Income Summary 18,000 Retained Earnings18,000 C. Income Summary 35,000 35,000 Retained Earnings D. Retained Earnings 35,000 35,000 Income Summary Q13 Prepare the entries to close the dividend to retained earnings A. Retained Earnings 25,000 25,000 Dividends B. Dividends 25,000 Retained Earnings 25,000 C. 25,000 Net income 25,000 Dividends D. None of the above entries are correct