18) A company's December 31 work sheet for the current period appears below. Based on 18) the information provided, what is net income for the current period? Unadjusted Trial Adjustments Balance Cash Accounts receivable Prepaid insurance Supplies Equipment 1155 5400 ipment 370 Accounts payable Salaries payable Unearned fees Retained earnings Dividends Fees earned 2940 345 Rent expense Salaries expense Utilities expense Supplies expense Depreciation expense-equipment Totals 370 3,810 3,810 2480 2480 A) S4065 B) S9890. C) $2480 D) S3655 E) $4220 19) Tiptoe Shoes had annual revenues of $201,000, expenses of $111,700, and dividends of 19) $24,400 during the current year. The retained earnings account before closing had a balance of $313,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is: A) Debit Retained eamings $89,300, credit Income Summary $89,300 B) Debit Retained earnings S313,000; credit Income Summary $313,000 c) Debit Income Summary $89,300, credit Retained earnings $89,300 D) Debit Retained earnings $64,900; credit Income Summary $64,900 E) Debit Income Summary $64,900; credit Retained earnings S64,900