please answer correctly and please do not take down as it isn't violating any policies.

Splish Brothers inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024 The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $964,650. Splish Brothers has a 20% income tax rate. Prepare a statement of retained earnings. (List items that increase retained earnings first.) Prepare closing entries, Credit occount tities are outomatically indented when the amount is entered. Do not indent monunil. If no entry Is required select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) July 31 Income Summary Retained Earnings (To close Income Summary.) July 31 Retained Eamings 70.800 Cash Dividends - Common (To close dividends.) Post the closing entries to income Summary and Retained Earnings accounts, (Post entries in the order of foumal entries presented in the previous port.)