Prepare the closing entries from the following selected accounts from the records of Sunnydale Corporation at December 31, 2010:

How much net income did Sunnydale earn during 2010? Prepare a T-account for Retained Earnings to show the December 31, 2010, balance of RetainedEarnings.

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Cost of services sold.S11,300 Accumulated depreciation. Selling, general, and Service revenue.$24,000 4,800 300 600 800 300 40,900 Depreciation expense Other revenue administrative expenses..6,700 Dividends December 31, 2. Retained earnings, Income tax expense.... 2,100 Income tax payable