These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company. The owner, H. Brown, did not make any withdrawals this period. Debit Credit 111,000 49,284 Account Title Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense- Bikes 6,993 16,317 3,441 21,201 (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. View transaction list View journal entry worksheet No Transaction Debit Credit 111,000 1 1 49,284 General Journal Rent earned Salaries expense Insurance expense Office supplies expense Bike repair expense Depreciation expense--Bikes