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Saved 2 $ 430,000 Income Statement For the year ended December 31, current year Revenue...

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Saved 2 $ 430,000 Income Statement For the year ended December 31, current year Revenue : Counseling revenue Expenses: Advertising expense $ 1,700 Salaries expense 92,000 Office supplies expense 2,300 Utilities expense 900 Malpractice insurance expense 7,000 Office rent expense 28,000 Continuing education expense 3,800 Depreciation expense: fixtures 4,500 Miscellaneous expense 6,000 Income taxes expense 31,500 Net income 177,700 $ 252,300 Fick's statement of retained earnings indicates that a $8,000 cash dividend was declared and paid during the current year. a. Prepare the necessary closing entries on December 31 of the current b. If Fick's Retained earnings account had a $91,000 balance on at the beginning of the current year, at what amount should Retained Earnings be reported in the firm's year-end balance sheet dated December 31? Complete this question by entering your answers in the tabs below. Required A Required B If Fick's Retained earnings account had a $91,000 balance on at the beginning of the current year, at what amount should Retained Earnings be reported in the firm's year-end balance sheet dated December 31? Retained earnings, December 31, current year

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