Need help completing the closing process. Thank you

Here is the balance sheet and income statement

(92) Your answer is correct. Prepare a retained earnings statement for March. (List items that increase ret PRONGHORN CLEANERS Retained Earnings Statement For the Month Ended March 31, 2022 Retained Earnings, March 1 Add Net Income / (Loss) 1960 1960 Less Dividends 880 Retained Earnings, March 31 1080 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT ESOURCES le Project your answer is partially correct. Try again. Journalize and post closing entries and complete the closing process. (Credit account titles are automatically required, select "No Entry" for the account titles and enter o for the amounts. For accounts that have a Date Account Titles and Explanation Debit Mar. 31 Service Revenue Credit by Study 7950 7950 Income Summary (To close revenue account) Mar. 31 Jincome Summary 5990 > Maintenance and Repairs Expense 340 S Depreciation Expense 250 Insurance Expense 400 Supplies Expense 1690 Salaries and Wages Expense 2780 Rent Expense 500 30 Interest Expense (To close expense accounts) Mar. 31 Income Summary 1960 1960 Retained Earnings (To cose net income to retained earnings) Mar. 31 Retained Earnings 1080 1000 Dividends (To close dividends to retained earnings) Cach Help System Announcements 14,700 3/31 Bal. Retained Earnings Dividends 3/31 880 DITURA Income Summary Service Revenue 3/14 3,630 3/28 4,120 3/31 200 Maintenance and Repairs Expense 3/31 340 DOTI Supplies Expense 3/31 1,690 Help System Announcements OURCES Supplies Expense Project 3/31 1,690 Y Study Depreciation Expense 3/31 250 Insurance Expense 3/31 400 10000 DI II III Salaries and Wages Expense 3/20 1,720 3/31 1,060 Rent Expense 3/31 500 Interest Expense 3/31 30 Click if you would like to Show Work for this question: Open Show Work Your answer is correct. Prepare the income statement for March. PRONGHORN CLEANERS Income Statement For the Month Ended March 31, 2022 Revenues Service Revenue 7950 > Expenses Supplies Expense 1690 Maintenance and Repairs Expense 340 > Depreciation Expense 250 Insurance Expense 400 Salaries and Wages Expense 2780 500 Rent Expense 30 Interest Expense > 5990 Total Expenses 1960 Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS PRONGHORN CLEANERS Balance Sheet March 31, 2022 Assets Current Assets Cash 7140 Accounts Recevable 6380 Supplies QUARE 270 Prepaid Rent 1000 Prepaid Insurance 2000 Total Current Assets 16790 Property, plant and Equipment Equipment 7800 Less Accumulated Depreciation Equipment 250 7550 Total Assets 24340 Liabilities and Stockholders' Equity Current Liabilities > Accounts Payable 1470 Salaries and Wages Payable 1060 Notes Payable 6000 Interest Payable 30 Total Current Liabilities 8560 Total Current Assets 16790 Property, Plant and Equipment Equipment 7800 Less Accumulated Depreciation Equipment 250 7550 KI 24340 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 1470 1060 Salaries and Wages Payable Notes Payable 6000 30 Interest Payable 8560 Total Current Liabilities Stockholders' Equity Common Stock 14700 Retained Earnings 1080 15780 Total Stockholders' Equity 24340 Total Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work