The following is Baker Co.'s Pre-Closing Trial Balanceas of December 31, 2017. Baker's accounting period is a month, thusthe balances in the temporary accounts are for the month ofDecember 2017.

Account	Debit	Credit
Cash	10,000
Accounts Receivable	25,000
Inventory	40,000
Supplies	5,000
Equipment	100,000
Accumulated Depreciation		30,000
Accounts Payable		12,000
Note Payable		13,000
Interest Payable		3,000
Unearned Revenue		8,000
Dividends Payable		7,000
Common Stock		10,000
Retained Earnings		46,000
Sales Revenue		193,000
Cost of Goods Sold	78,000
Depreciation Expense	18,000
Wages Expense	42,000
Supplies Expense	3,000
Interest Expense	1,000
Total	322,000	322,000

Use the information in Baker’s Trial balance to answerquestions D through H.

D. In the General Journal below record the journal entrythat should be made to close the Revenue account(s).

E. In the General Journal below record the journal entrythat should be made to close the Expense accounts.

F. Based on Baker’s account balances, the amount of NetIncome that would be shown on Baker’s Income Statement for December2017 would be:

G. Based on Baker’s account balances, the amount ofTotal Assets that would be shown on Baker’s Balance Sheet as ofDecember 31, 2017 would be:

H. Based on Baker’s account balances, the amount ofTotal Equity that would be shown on Baker’s Balance Sheet as ofDecember 31, 2017 would be: