DE5-16 Refer to the income statement of Target Corporation in Exhibit 5-1. page 168. 1. Identify every account on Target's income statement that the company will close out at the end of the year. Make two closing entries for these accounts at January 31. 2000: Close the revenue Close the expenses 2. Target's balance sheet reports the following selected accounts: Inventory Accounts payable Land Long-term debt Other assets Owners' equity Which of these accounts does Target close, if any? Give your reason.