These partially completed Income Statement columns from a 10-column work sheet are for the Winston Sailem Boat Rental Company for the year ended December 31, 2020. The owner's name is Carl Winston Required: 1. Use the information to determine the amount that should be entered on the profit line of the work sheet. WINSTON SAIL'EM ERAT RENTAL COMPANY Income Statement (partial) For The Year Ended December 31, 2020 Debit Credit Rent revenue $ 101,400 Salaries expense $ 35,700 Insurance expense 4,800 Dock rental expense 12,400 Boat supplies expense 6.620 Depreciation expense, boats 21.900 Totals Profit Totals 2. In addition, prepare closing entries for the company and the pre-closing balance of the withdrawals account is $18.400 View transaction list Journal entry worksheet 3 2 4 > Record to close the revenue account. Note: Entor debita before credits General Journal Dobit Credit Date December 31, 2020 Navt