Please check my work..and Im stuck on part B.

work Favonites Teels Help of Texas Health -webTATmesheet Surmm hapter 5 Homework Select Pages-Enterprise Service. Documents for Drector Si R Active Recrutments Gerdes Psychological Services, Inc., closes its temporary accounts once each year on December 31. The compa the following income statement as part of its annual report 10 points GERDES PSYCHOLOGICAL SERVICES, INC. Income Statement For the year ended December 31, current yea eBlook Print References Counseling revenue $420,000 Expenses Advertising expense Salaries expense Office supplies expenae Utilities expense Malpractice insurance expense office rent expense Continuing education expense Depreciation expense: fixtures Mincellaneous expenso Incone taxes expense S 1,900 96, 000 1, 200 950 6,000 26, 000 3, 650 3,s00 6, 000 35,500 180,700 239,300 Net income The fim's statement of retained earnings indicates that a $6,000 cash dividend was declared and paid during the cu a. Prepare the necessary closing entries on December 31, current year b. If the firm's Retained earnings account had a $91,000 baiance on January 1, current year, at what amount should earnings be reported in the firm's balance sheet dated December 31, current year? 1 of 4 Next