(1) Determine the amount that should be entered on the net income line of the work sheet. (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period. View transaction list Journal entry worksheet < A B C Record the entry to close revenue accounts. Note: Enter debits before credits Transaction 1 General Journal - Debit Credit Record entry Clear entry View genaral journal Account Title Rental revenue Salaries expense Debit Credit 111,000 49,284 Insurance expense 6,993 Supplies expense 16,317 Bike repair expense 3,441 Depreciation expense-Bikes 21,201