These partially completed Income Statement columns from a 10-column work sheet are for Browns Bike Rental Company. The owner, H. Brown, did not make any withdrawals this period.

(1).

Use the information to 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.

Account Title Rent earned Salaries expense Debit Credit 103,000 45,732 6,489 15,141 3,193 Depreciation expense-Bikes 19,673 Office supplies expense Bike repair expense