Can someone answer this completely

5. (4 points) Presented below are selected account balances for C Company as of 12-31-xx: Accounts payable $ 175,000 Unearned revenues $ 100,000 Retained earnings $4,325,000 Sales revenues $3,100,000 Gain on the sale of a stock investment $ 40,000 Loss on the sale of a bond investment $ 10,000 Cost of goods sold $1,100,000 Selling and administrative expenses $ 600,000 Interest expense $ 30,000 Income tax expense $ 310,000 a. Prepare the entry (ONE ENTRY) C should make to close out the temporary accounts. Do NOT use an "income summary" account - close the temporary accounts directly into retained earnings. b. What is C's retained earnings balance AFTER making the closing entry