Correct any obvious errors in the following closing entries by providing the four corrected closing entries. Assume all accounts held normal account balances in the Adjusted Trial Balance. A. Income Summary 281,000 Service Revenue 281,000 B. Automobile Expense 16,900 Insurance Expense 26,000 Salaries Expense 192,000 Supplies Expense 18,600 Income Summary 253,500 C. Retained Earnings 266,000 Income Summary 266,000 D. Dividends 14,000 Retained Earnings 14,000

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?