6) High Step Shoes had annual revenues of $185,000, expenses of $103,700, and dividends of $18,000 duringthe current year. The retained earnings account before closing had a balance of $297,000. The entry to closethe Income Summary account at the end of the year, after revenue and expense accounts have b… Show more… Show more Business Accounting BUSA 7 Share QuestionEmailCopy link Comments (0)