E3-25A. (Learning Objective 5: Close the books) Prepare the closing entries from the following selected accounts from the records of North Pole Enterprises at December 31, 2018 Cost of services s Accumulated depreciation.41,100 Selling, general, and 14,800 Service revenue $32,200 4,100 1,000 500 900 600 old Depreciation expense Other revenue administrative e xpenses.. 6,200 Dividends declared.... Retained earnings, Income tax expense December 31, 2017 2,000 Income tax payable How much net income did North Pole Enterprises earn during 2018? Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings