Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company Debit Credit 130,000 Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 57,720 8,190 19, 110 4,030 24,830 (1) Determine the amount that should be entered on the net income line of the work sheet (2) Prepare the company's closing entries. The owner, H. Brown, did not make any withdrawals this period Complete this question by entering your answers in the tabs below. Required Required 2 Determine the amount that should be entered on the net income line of the work sheet Record the entry to close income summary account. Note: Enter debits before credits General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal