Question $33$

$3$ pts

What does Closing Entry #$3($close income summary$)$ include, based on the trial balance below for the year ending December $31,2018?$

$\backslash$table$[[$Account$,$Debit,,Credit,$],[$Cash$,$$$,96,000,,],[$Accounts Receivable,,$17,500,,],[$Trucks$,,172,000,,],[$Accumulated Depreciation,,,$$,36,000],[$Accounts Payable,,,,$65,000],[$Wages Payable,,,,$4,000],[$K$.$ Wilson, Capital,,,,$175,000],[$K$.$ Wilson, Withdrawals,,$20,000,,],[$Trucking Fees Earned,,,,$130,000],[$Wages Expense,,$61,000,,],[$Depreciation Expense,,$23,500,,],[$Other Expenses,,$20,000,,]]$

Debit Income Summary for $$130,000$

Debit Income Summary $=$ Net Income

Credit Income Summary for $$130,000$

Cred$$t Income Summary $=$ Net Income