Watson Company had the following adjusted trial balance:

	Account Titles		Debit			Credit
	Cash		$28,640
	Accounts Receivable		17,310
	Supplies		8,220
	Equipment		40,600
	Accumulated Depreciation					$6,900
	Accounts Payable					4,300
	Deferred Rent Revenue					2,480
	Capital Stock					35,190
	Retained Earnings					23,400
	Dividends		14,800
	Commission Revenue					51,600
	Rent Revenue					7,000
	Depreciation Expense		5,400
	Utilities Expense		10,100
	Supplies Expense		5,800
	Total		$130,870			$130,870

The president of Watson Company has asked you to close the books (prepare and process the closing entries).

Required:

After the closing process has been completed, answer the following questions:

What is the balance in the rent revenue account?		$4,580
During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)?		$
What is the balance in the Retained Earnings account?		$