If the Retained Earnings account is credited for $3,600 in the closing process,the company had a net income of $3,600.

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The closing entries include a debit to each revenue account for the amount of its credit balance,a credit to each expense account for the amount of its debit balance,and record the difference in Retained Earnings.The amount credited to Retained Earnings should equal Net Income on the Income Statement.(If the company has a net loss,Retained Earnings will be debited. )

If the Retained Earnings Account Is Credited for $3,600 in the Closing