E3-28A. (Learning Objective 5: Closing the accounts) Prepare the closing entries from the following selected accounts from the records of Sunnyside Corporation at December 31, 20X8: LO Cost of services sold. $11,500 Accumulated depreciation... 42,800 Selling, general, and Other revenue administrative expenses.... 6,200 Service revenue. Depreciation expense Dividends. Retained earnings, Income tax expense. December 31, 20X5. 2,600 Income tax payable. $24,900 4,800 800 900 500 700 How much net income did Sunnyside earn during 20X8? Prepare a T-account for Retained Earn- ings to show the December 31, 20X8, balance of Retained Earnings. 5