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Wages expense 108 Supplies expense 27 Depreciation expense 39 General and administrative expenses 44 Interest expense 10 Income tax expense 14 Totals $1,306 $1,306 Required: Use the above adjusted trial balance for Rent-A-Tent to complete the following. Be sure to show your calculations. Answers without supporting calculations will receive 0 points. 1. Compute the net income for the fiscal year. (7 points) 2. Prepare the journal entry to close the income summary account at the end of the fiscal year. (5 points) (You can copy and paste the journal entry table below into your answer and fill in the table.) Date Accounts Debit Credit 3. Compute the ending retained earnings balance for December 31, 2019. (3 points) Wages expense 108 Supplies expense 27 Depreciation expense 39 General and administrative expenses 44 Interest expense 10 Income tax expense 14 Totals $1,306 $1,306 Required: Use the above adjusted trial balance for Rent-A-Tent to complete the following. Be sure to show your calculations. Answers without supporting calculations will receive 0 points. 1. Compute the net income for the fiscal year. (7 points) 2. Prepare the journal entry to close the income summary account at the end of the fiscal year. (5 points) (You can copy and paste the journal entry table below into your answer and fill in the table.) Date Accounts Debit Credit 3. Compute the ending retained earnings balance for December 31, 2019. (3 points)

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