These Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company Debit Credit 109,000 Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 48, 396 6,867 16,023 3,379 20, 819 (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