The Income Summary Account Shows A,What Does This Indicate?
B

Essay

The Income Summary account shows:
$$\begin{array}{l}\text { Incame Summary }\\\begin{array} { l | l } \hline \text { Clos. } 2 & 11,000 \text { Clos. } \\13,500 & 1 \\\hline\end{array}\end{array}$$ a,What does this indicate?
b.Prepare the entry to close Income Summary.Omit the explanation.The owner's name of the sole proprietorship is Marvin Johnson.