CALCIRATOR PRINTER VERSION RACK Question 2 The income statement for the Kingbird, Inc. for the month ended July 31 shows Service Revenue $19.920, Salaries and Wages Expense 50,540. Maintenance and Repairs Expense 53,320, and Income Tax Expense $1,280. The statement of retained earnings shows an opening balance for Retained Earnings of $20,390 and Dividende $1.390. Prepare closing journal entries. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To dose revenue account) July 31 (Todose expense accounts) July 31 Todose net income/(loss) to retained caring) (To close expense accounts) July 31 (Todose net income/(s) to retained earrings) July 31 (To cose dividends to retained caring) What is the ending balance in Retained tamnings? Ending balance in Retained Earnings 5 Click if you would like to Show Work for this question: Open Show Work