These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. Debit Credit 120,000 Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 46,300 7,400 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. Determine the amount that should be entered on the net income line of the work sheet. A Record the entry to close revenue accounts. B Record the entry to close expense accounts. C Record the entry to close income summary account