Exercise 4-6 (Static) Completing the income statement columns and preparing closing entries LO P1, P2 Following are Income Statement columns from a 10-column work sheet for Brown's Bike Rental Company. Account Title Rental revenue Salaries expense Insurance expense Debit 46,300 7,400 Credit 120,000 Supplies expense Bike repair expense Depreciation expense-Bikes 16,000 4,200 20,500 (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 1 Required 2 Determine the amount that should be entered on the net income line of the work sheet. Required Required 2 >