Wood Company had the following adjusted trial balance:

Additional Resources

	Account Titles		Debit			Credit
	Cash		$24,140
	Accounts Receivable		15,610
	Supplies		8,200
	Equipment		38,700
	Accumulated Depreciation					$7,700
	Accounts Payable					3,250
	Deferred Rent Revenue					2,440
	Capital Stock					20,760
	Retained Earnings					20,500
	Dividends		15,200
	Commission Revenue					62,600
	Rent Revenue					6,800
	Depreciation Expense		6,800
	Utilities Expense		9,400
	Supplies Expense		6,000
	Total		$124,050			$124,050

The president of Wood 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:

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 dividends account?		$
What is the balance in the Retained Earnings account?		$